Don't Fall Into This Common Retirement Savings Trap
For quite some time there have been numerous studies out there that have tried to tackle the question of how much a retiree can withdraw from their retirement savings without running out of money.
People in the industry call this the safe withdrawal rate. The rate most commonly talked about and put into practice is the so-called 4% rule.
In the early 1990s, CFP William Bengen produced work that found that 4% was a safe rate of withdrawal to determine if your nest egg was sufficient to last for 30 years.
The Scariest Facts about America's Retirement Crisis
Americans' dreams of the "golden years" have increasingly become tarnished by harsh financial realities.
Indeed, a new survey of U.S. employees and retirees presents a disturbing portrait of the retirement crisis - among both current workers and retirees.
Longer life expectancies, stagnant wages and the uncertainty surrounding Social Security benefits have made it harder than ever to save enough to live comfortably in retirement....
How Millions of Americans Are Ruining Their Retirement Savings
Millions of Americans are going down a dangerous slope with their retirement savings.
More than one in four employees with 401(k) or other retirement accounts are tapping into those funds to pay mortgages, credit card debt and other bills, financial advisory firm HelloWallet said in a new report out this week.
Most of those dipping into their retirement funds before age 59½ are doing so because they are struggling to get by. American families...