Determining a reasonable retirement savings withdrawal rate must be personalized to an individual’s needs and circumstances, separate PGIM and TIAA data shows.
The standard 4% rule is useful as a standing point, the firms’ research found. The insights are prompting the firms to develop new interactive tools that could help individuals make plans for reasonable withdrawals.
For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter. Retirees can safely spend down retirement account assets at a rate higher than 4% without depleting their savings in old age by monitoring account balances regularly and making tradeoffs like […]
Full Post at www.plansponsor.com