Retirement is looming. Do you know your safe withdrawal rate?
Applying a simple rule to a complex financial situation is just asking for trouble. When retirement is approaching, it's important to determine the maximum amount of money you can withdraw from savings without running out. Financial experts will tell you the oversimplified rule of thumb: 4%.
Too many people follow the advice without asking further questions. Unfortunately, few financial experts truly understand the complexity of safe withdrawal rates and how practical solutions work. Do you really want to risk your lifestyle and financial security on your adviser's guess?
Author and financial coach Todd R. Tresidder has helped thousands of people take the right path to retirement. His latest book, The 4% Rule and Safe Withdrawal Rates in Retirement, dives deep into the subject to provide you with a definitive, one-stop solution. It's a must-have if you're planning to tap investments in retirement or earlier.
In this book, you'll learn: How not knowing the limitations of the 4% rule can make you go broke How to know the exact amount you can withdraw while still living comfortably How to create a dynamic model that accurately calculates your safe withdrawal rate How to leapfrog past the 4% rule using the latest research If you need a better understanding of fixed withdrawal strategies, then you must look toward this no-nonsense, eye-opening, and empowering book. It's time to go beyond the rule of thumb.
Tresidder's book is pure insight, and it'll help you make more informed decisions that will impact the rest of your life.
