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This one investment move can give you lifetime yearly income in retirement

Michael Edesess
This one investment move can give you lifetime yearly income in retirement

Much of the research in this area has focused on the concept of “safe withdrawal rate.” It has produced some interesting, but limited, results. A safe withdrawal rate is the percentage of your assets you can withdraw each year without danger of running out of money, no matter how long you live. The seminal work on the subject was written by financial planner William P. Bengen and published in the Journal of Financial Planning in October 1994.