Cryptocurrency Q&A
What is the 4% rule for pension?
What is the 4% rule for pension?
CryptoElite
Tue Oct 29 2024
|
7 answers
1072
The 4% rule for pension is a financial strategy that suggests withdrawing 4% of your retirement savings annually to live on. This rule aims to ensure that your pension fund remains sustainable and does not deplete over time, assuming a certain rate of return on investments.
7 answers
CosmicWave
Wed Oct 30 2024
This ensures that the purchasing power of the withdrawals remains constant over time.
Was this helpful?
126
36
Bianca
Wed Oct 30 2024
The 4% rule is a popular guideline for retirement budgeting.
Was this helpful?
136
70
CryptoVanguard
Wed Oct 30 2024
According to this rule, a retiree can withdraw 4% of their retirement account balance in the first year after retirement.
Was this helpful?
166
35
Stardust
Wed Oct 30 2024
By following this rule, retirees can potentially sustain their standard of living for approximately 30 years.
Was this helpful?
157
28
EtherealVoyager
Wed Oct 30 2024
This withdrawal amount is intended to provide a steady stream of income for the retiree.
Was this helpful?
361
95
Load 5 more related questions
