withdrawal rate

Many of us are familiar with the "4 percent rule." That's the annual retirement savings  withdrawal amount  many retirees have relied on over the years in an effort to avoid running out of money. Meanwhile, more experts these days are now dismissing it, saying the 4 percent rule no longer works amid today's economic realities.
If you're worried about outliving your retirement savings, consider this:  Don't withdraw more than 6 percent annually from your employer-sponsored 401(k) or 403(b) plan.  Take more than that and you could be tempting fate. That's the harsh conclusion from the Institutional Retirement Income Council, a nonprofit think tank that looked at several strategies for new retirees.
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