retirement planning
2 questions
- Finance
What is the 4% rule in retirement?
The 4% rule says you can withdraw 4% of your portfolio in the first year of retirement, then adjust for inflation each year, and statistically your money will last 30 years. It is a useful planning benchmark, not a guarantee — lower withdrawal rates (3–3.5%) are safer in today's low-return environment.
- Finance
When should I claim Social Security?
Claiming at 62 reduces your benefit by up to 30% permanently. Waiting until 70 increases it by 24% above your full retirement age benefit. The decision hinges on health, life expectancy, other income sources, and spousal strategy — not a single right answer.