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4% Retirement Withdraw Rate Only Works for Wealthy

Tuesday, Apr 28 2015
Retirement
Written by  PFA News

For most retirees, following the rule of thumb that calls for funding living expenses by withdrawing 4% of assets each year will result in running out of money in later years. So reports NBCNews.

According to a recent report by PWC, the problem with the strategy is that it was established when interest rates were higher and life expectancy was shorter.

Read the full article from NBCNews.com.

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