Thursday, December 30, 2021

Are You Withdrawing Too Much From Retirement Accounts?

Worried retirees reviewing their finances
Dmytro Zinkevych / Shutterstock.com

For decades, retirees have been told they should not withdraw more than 4% of their assets if they want to reduce the risk of running out of money during their golden years. Now, a recent study says that rule might be too generous. Financial services firm Morningstar says the new rule of thumb should be that retirees withdraw no more than 3.3% of their portfolios annually. Today’s low yields on...



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