The 4% Rule and Safe Withdrawal Rates in Retirement (Financial Freedom for Smart People)

Retirement is looming. Do you know your safe withdrawal rate?

Applying a simple rule to a complex financial situation is just asking for trouble. When retirement is approaching, it's important to determine the maximum amount of money you can withdraw from savings without running out. Financial experts will tell you the oversimplified rule of thumb: 4%.

Too many people follow the advice without asking further questions. Unfortunately, few financial experts truly understand the complexity of sa...