Q. How best to spend down my assets in retirement time?
A. This is a question every new retiree asks. Unfortunately there is no set answer that fits all.
Generally there are three popular options one can consider:
1) Withdraw 4% of the initial assets, then adjust the dollar amount to keep pace with inflation
2) Spend only the dividends and interests generated by the assets each year
3) Apply the RMD rule to all the assets each year
We will use a few blog posts to discuss the three options' pros and cons.
A. This is a question every new retiree asks. Unfortunately there is no set answer that fits all.
Generally there are three popular options one can consider:
1) Withdraw 4% of the initial assets, then adjust the dollar amount to keep pace with inflation
2) Spend only the dividends and interests generated by the assets each year
3) Apply the RMD rule to all the assets each year
We will use a few blog posts to discuss the three options' pros and cons.
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