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Taking money from your nest egg in retirement, the right way.
Many financial advisors suggest that using the “4% rule” is a good way to tap your retirement savings. That rule basically says that withdrawing 4% of your retirement savings annually should ensure that your nest egg lasts for your lifetime. But with longevity increasing every year and 30-year retirements being more the norm than the exception, some new withdrawal rules are emerging. This article by Jonathan Chevreau appears at www.msn.com and discusses what he considers to be the right way to draw down your retirement savings. Click here to read more.