I heard about the 4% rule in Charles Schwab and I'm curious to know what it is. Could someone explain this concept to me and how it relates to financial planning or retirement savings?
6 answers
DigitalDynasty
Fri Dec 06 2024
The 4% rule serves as a popular guideline for managing retirement spending.
NebulaNavigator
Fri Dec 06 2024
This withdrawal is made during the first year of your retirement.
GyeongjuGlory
Fri Dec 06 2024
This rule suggests a specific withdrawal rate from your investment portfolio.
Elena
Fri Dec 06 2024
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Elena
Fri Dec 06 2024
According to the 4% rule, you start by calculating the total value of your investments.