New Safe Withdrawal Rate for Retirees
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Morningstars new study suggests a higher safe withdrawal rate for retirees, now at 3.9% annually, compared to the traditional 4% rule. This rate applies to a 40/60 stock/bond portfolio over a 30-year horizon with a 90% success rate. For a $1 million portfolio, this translates to $39,000 in the first year. The study also explores flexible strategies, such as the guardrails method, which can support up to 5.2% or $52,000 initially. The best strategy depends on individual comfort with variability, essential expenses, and legacy goals.
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