What is the 4 Percent Rule?
An example of an AI chatbot conversation about the 4 Percent Rule in retirement planning.
Can you explain what the 4 Percent Rule is?
The 4 Percent Rule is a guideline for retirement savings, suggesting you can withdraw 4% of your savings annually.
How did they come up with that percentage?
It originated from historical data on stock and bond returns, aiming to ensure funds last for 30 years.
Is it safe to rely on this rule?
While it's a useful guideline, individual circumstances vary, so it's wise to consider personal factors and market conditions.
What should I do if I have less than that saved?
If you have less saved, consider adjusting your withdrawal rate, working longer, or finding additional income sources.
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