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Don't Take Even $1 Out of Your Retirement Account Until You've Taken This Important Step

·3 min read
Don't Take Even $1 Out of Your Retirement Account Until You've Taken This Important Step

When you enter into retirement, you are going to have to start taking money out of your 401(k) or other investment accounts. Prior to making any withdrawals from your retirement savings, you need to set a safe withdrawal rate. This is basically an amount of money that you can take from your investment accounts without taking a huge risk that you will drain your account dry too soon.