What You Should Know About the Three Percent Rule: Part One
In a previous article, I discussed the retirement income challenges created by longevity risk. Today, I want to talk about a common strategy for overcoming it: the Three Percent Rule. I’ll share what came before it, how it came to be popularized, and whether it’s truly the best strategy to utilize so that you can devise a retirement income withdrawal strategy that will help you enjoy a more financially secure retirement. The Historical Approach to Retirement Withdrawals For many decades, Americans managed longevity risk with a loosey-goosey approach to retirement income planning that threw caution to the wind. In […]