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The thing about the 4% rule for retirement that keeps chang
Posted on: November 18, 2023 at 08:03:18 CT
TigerFan92 STL
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https://www.msn.com/en-us/money/retirement/goodbye-4-rule-hello-6-rule/ar-AA1k1Xey?ocid=entnewsntp&cvid=8d891560297145628846411c25b67f6b&ei=13
ing in every other article is that you can start with 3% or 4% and a year later adjusted for inflation it becomes 6% anyway
0.04 x 1.04 inflation (4%) increase = 0.056
So if the difference between you having enough money in retirement is using the 3% vs 4% vs 6% rule it just means you need to work one year longer. So do it or cut back on your needs
Edited by TigerFan92 at 08:04:47 on 11/18/23
ing in every other article is that you can start with 3% or 4% and a year later adjusted for inflation it becomes 6% anyway
0.04 x 1.04 inflation (4%) increase = 0.056
So if the difference between you having enough money in retirement is using the 3% vs 4% vs 6% rule it just means you need to work one year longer. So do it or cut back on your needs
Edited by TigerFan92 at 08:04:47 on 11/18/23
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The thing about the 4% rule for retirement that keeps chang - TigerFan92 STL - 11/18 08:03:18