Tuesday, May 16, 2006
Many Unsure How To Make Retirement Last
Most Americans aren't sure how much money they can withdraw from their savings each year to fund retirement without running short, according to a survey released Monday.
Experts say retirees can safely spend about 4 percent of their assets each year, but a study conducted by Mathew Greenwald & Associates for the New York Life Insurance Co. found that just one in 10 respondents knew that rate.
In fact, some 36 percent of those surveyed believed retirees could spend up to 14 percent a year, and 40 percent didn't know what a safe spending rate would be.
Many Unsure How To Make Retirement Last
Source: The Olympian Online
Experts say retirees can safely spend about 4 percent of their assets each year, but a study conducted by Mathew Greenwald & Associates for the New York Life Insurance Co. found that just one in 10 respondents knew that rate.
In fact, some 36 percent of those surveyed believed retirees could spend up to 14 percent a year, and 40 percent didn't know what a safe spending rate would be.
Many Unsure How To Make Retirement Last
Source: The Olympian Online
Permalink posted by armandn @ 6:56 AM 
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