What is a safe withdrawal rate?
An example of an AI chatbot conversation about safe withdrawal rates for retirement.
What is a safe withdrawal rate for retirement savings?
A safe withdrawal rate is typically around 4% of your retirement savings per year.
Why is the 4% rule considered safe?
The 4% rule is based on historical market performance, aiming to provide a sustainable income over 30 years.
Are there any factors that could affect this rate?
Yes, factors like market volatility, inflation, and your personal spending needs can all impact the safe withdrawal rate.
What should I consider when planning my retirement withdrawals?
Consider your life expectancy, investment strategy, and any other income sources you may have during retirement.
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