The new retirement rule and senior home owners - Realtor.com
William Bengen created what is considered the gold standard of retirement strategies: The 4% Rule. The 4 percent retirement rule is a guideline suggesting that retirees can withdraw 4% of their retirement savings annually, adjusted for inflation, to ensure their funds last for approximately 30 years. However, the times have changed, and even Mr. Bengen has adjusted his recommendations to retirees. Why the change? For senior homeowners, the increasing property taxes, rising utility bills, and higher home insurance rates could give them some breathing room. Allaire Conte, writing for Realtor.com, explains how the retirement rules are changing and the potential impact on your home and savings. To learn more about these changes and how they could affect your financial plan, read Ms. Conte’s article here…
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