The 4% Rule Faces New Problems Today

There’s something every retirement saver should know: The often cited “4% retirement income rule” is not actually a “rule.”

Despite what some people think, this retirement planning concept does not guarantee that “as long as you take out only 4% of your retirement savings each year, your retirement nest egg will be safe.” More accurately, this concept is only a rule of thumb that can help you gauge a target drawdown your retirement savings might generate. I sometimes hear, “It’s not like I need to be a millionaire