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Re-examining the 4% drawdown rule of thumb
It’s been around a long, long time, this assumption that CNBC once defined as “withdraw 4 percent a year, and you have excellent odds of having enough money for 30 golden years.” But now, with all that’s happened and happening in the economy, is it still valid? A post from analysts at clark.com report on an updated review of this rule-of-thumb guideline in a post on accessatlanta.com, concluding that the venerable rule might still be a valid broad guideline. Check out their article here…
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