4 Ways To Make Your Retirement Savings Last a Lifetime
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
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Source: NASDAQ.COM
Sustainable Withdrawal Strategy: To ensure a comfortable retirement, it's crucial to adopt a sustainable withdrawal strategy, with many experts recommending a 3.5% annual withdrawal from your portfolio to maintain its longevity.
Maximizing Social Security and Budgeting: Delaying Social Security benefits until at least age 67 can significantly increase lifetime earnings, while creating a detailed budget for fixed expenses, including potential healthcare costs, is essential for financial stability in retirement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
