When The 4% Rule Might Not Work
How much money can you sell each year during retirement?
That might depend on how long you’re retired. It certainly depends on the investment fees you pay. Too many financial advisors use the 4% rule.
But it might not work if your investment fees are high, or if your retirement lasts too long.
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When The 4% Rule Could Fail Investors
Financial advisors and scuba diving instructors share similar responsibilities. They each guide clients into ever-changing waters. Scuba divers need to trust that their tanks are full. When retiring, clients need to know that they won’t run out of money. A fee-based Certified Financial Planner (…