Are You Ready For Retirement?
Over the weekend, I read an article on Vanguard.com warning against using the โ4% Ruleโ for retirement planning.ย ย This rule suggests that you can retire successfully for 30 years by living on 4% of your savings each year.ย (e.g. if you have $1 million in retirement investments, you could expect it to produce $40,000/year of spendable income).