The 4% Rule Won't Work for My 401(k). Here's How I Plan to Manage My Retirement Savings Instead.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Source: NASDAQ.COM
Retirement Savings Strategy: The author emphasizes the importance of building a retirement savings plan that allows for flexibility in withdrawals, rather than strictly adhering to the 4% rule, which may not accommodate personal spending needs and desires during retirement.
Consulting Financial Advisors: The author plans to consult a financial advisor to determine an initial withdrawal rate that aligns with their lifestyle goals, while also considering strategies to maximize Social Security benefits for additional income.
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.
