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When it comes to retirement, there are some longstanding rules of thumb many people rely on. Unfortunately, finance expert Suze Orman has a warning about one of those rules. Orman has urged people ...
The popular retirement strategy known as the "4% rule" may need some adjusting in 2025 and beyond. Some researchers and financial experts are warning changes may be needed based on market ...
Almost half of American households reportedly have no retirement savings at all, and only about a quarter (26%) have saved more than $100,000. Awareness about the need to plan for retirement has ...
For years, financial planners and retirees have relied on the “4% rule” — coined in 1994 by financial adviser and author Bill Bengen — which states retirees should plan to withdraw 4% of ...
The 4% rule essentially locks you into a preset withdrawal rate throughout retirement, not accounting for inflation-related adjustments. But that won't necessarily work for you.
The 4% rule has long been synonymous with retirement spending. The so-called rule of thumb states that retirees can safely withdraw 4% of their retirement savings during their first year of ...
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Image source: Getty Images. The 4% rule has some issues. I'm not picking on the 4% rule, but people shouldn't use it to plan their retirement finances.It's a guideline, not an A-to-Z plan.