How Much Should I Withdraw From My Retirement Account Annually?

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How Much Should I Withdraw From My Retirement Account Annually?

By The BIDaWIZ Team on November 2nd, 2012 at 5:45 pm

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Many baby boomers are already retiring or will do so within the next ten to fifteen years. One of the questions that retirees frequently ask themselves is, "Am I withdrawing the correct amount of funds from my retirement account each year?" If they withdraw too much, they won't have enough money to last them through retirement. If you withdraw too little, then they'll find themselves having difficulty maintaining a budget. It's a constant balancing act. One school of thought suggests that retirees withdraw about 4-5% annually. .

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