Taking From The Nest, How Much Is Too Much?

1417066986370g3Have you heard of the 4% rule when it comes to retirement? Is there a specific percentage you should take out of your “nest” every year during your retirement? Today’s article discusses whether this rule still applies. Here’s what they had to say, “In short, it’s a guideline that helps retirees determine how much money they should take from their nest egg each year. The goal is to help make sure the money lasts. In other words, if you adhere to the rule and have a nest egg of $500,000, you should limit your withdrawals for living expenses to 4%, or $20,000 a year.” To read more, CLICK HERE.