Does the '4% Rule' for Retirement Need Updating?

Financial advisors have long counseled retirees to spend no more than 4% of their savings in the first year of retirement. But new research challenges that bit of conventional wisdom. Retirement reporter Anne Tergesen joins host Trenae Nuri to discuss the new research on retirement spending.
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Financial advisors have long counseled retirees to spend no more than 4% of their savings in the first year of retirement. But new research challenges that bit of conventional wisdom. Retirement reporter Anne Tergesen joins host Trenae Nuri to discuss the new research on retirement spending.

Learn more about your ad choices. Visit megaphone.fm/adchoices