The 4% Rule for Retirement Savings

In the mid-1990s, a rule of thumb to guide a person through retirement was the “4% Rule”. This rule outlined how much a person could safely withdraw from retirement savings each year and still have a nest egg to last a lifetime (in this case, 30 years).

Many advisors are now saying that while this is still a good rule of thumb, “it doesn’t address issues such as increasingly high healthcare costs, longer life expectancies, and jobs that are sustainable throughout old age.”

While you can always stick with the 4% Rule as a baseline to plan for retirement, check out our website to see some additional ideas for investment that could be right for you!

Trust Imber Wealth Advisors for Retirement in Ann Arbor! 

At Imber Wealth Advisors, we know that retirement is about much more than money. We want to help you achieve all your retirement goals, whether they be more traveling, more time with family, or to pass on the family business after years of hard work. Whatever you goals are, we want to help. Contact us today to get started!