Couple's Risky Retirement Strategy
This is a news story, published by Yahoo Finance, that relates primarily to Social Security news.
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retirement planSmartAsset
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Business & Economics
Ask an Advisor: We're 56 With $1.2 Million Saved. Can We Afford $60K–$80K Annual Withdrawals?
76% Informative
Your financial advisor says you can withdraw 5-8% from investments and then take Social Security at 62 .
But the strategy your advisor is proposing sounds risky to me.
Market returns can fluctuate widely from year to year.
Your withdrawal strategy needs to account for the fact that your returns will vary.
Talk to a financial advisor to build a retirement plan suitable for your circumstances.
T. Rowe Price recommends that you start by aiming to replace 75% of your pre-retirement income.
An emergency fund should be liquid -- in an account that isn't at risk of significant fluctuation like the stock market.
SmartAsset ’s free tool matches you with vetted financial advisors who serve your area.
VR Score
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62
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informal
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English
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long-living
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