Deciding how much to withdraw each year from your retirement savings can be difficult. You do not want to run out of money too soon, and you do not want to leave too much money behind that you could have used for a more exciting retirement. Your decision largely depends on how much you have saved for retirement and how long you expect to be retired.
The 4 percent rule for withdrawing retirement money has been a guideline for many years. People have followed it believing it is the right thing to do. After taking a more careful look at the origin of this rule, it may no longer be the best idea for many people.
