What Is a Safe Withdrawal Rate in Retirement?
(WorldNews Business)

Retirement is a relatively new idea. In 1880, four-fifths of men over 65 were still working. The world we live in today is very different. The life expectancy of 65-and-up Americans has risen by several years, yet their labor force participation rate is under 25%. We rely on other sources of income to provide for us in our latter years. Because of all this, we need to think carefully about how much money we pull from our savings each year in retirement. Enter the `safe withdrawal rate` -- the percentage of your savings that you can, in theory, withdraw every year without running out of money while you`re alive. Let`s go over how to figure out what your safe withdrawal rate may be and how...