Forget the 4% rule — it's now the 4.7% rule, creator Bill Bengen says. But here's what you need to consider before you start splashing out completely

It seems the 4% rule is now the 4.7% rule. Three decades after financial planner William Bengen came up with a simple yet elegant solution to help clients balance their retirement spending, the ...

Want to Avoid Penalties? Don't Take This Type of IRA Withdrawal

There are also rules limiting your IRA withdrawals. Typically, you'll pay a 10% early withdrawal penalty if you take money ...

The 2025 Required Minimum Distribution (RMD) Deadline Draws Near. Should Retirees Make Withdrawals Now or Wait Until December?

There is no best time to take a required minimum distribution (RMD), but delaying until December can maximize tax-deferred ...
SmartAsset on MSN

Fidelity's Guidelines on How Much to Save and Withdraw for a Secure Retirement

One of the most important questions to answer as you plan your retirement is how much money you need. The answer depends on a lot of factors, from your potential longevity to your lifestyle to how ...