• What is the 5% rule in retirement? | Ep.79

  • Nov 12 2024
  • Length: 3 mins
  • Podcast

What is the 5% rule in retirement? | Ep.79

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  • Summary

  • In this episode, we’re diving into the often-discussed “5% rule” in retirement planning. This strategy suggests withdrawing 5% of your retirement savings annually, offering a potentially higher income upfront compared to the traditional 4% rule. But with that extra income comes a risk: running out of money too soon if your investments underperform or you outlive your expectations.

    We’ll break down the pros and cons of the 5% rule, especially during market downturns, and explore a more stable alternative: the Guaranteed Lifetime Withdrawal Benefit (GLWB) through a fixed index annuity. A GLWB can provide you with a consistent, reliable income for life, often up to 8%—regardless of market performance—so you don’t have to worry about depleting your retirement funds.

    Listen in to understand how a GLWB strategy works, why it might be more secure than the 5% rule, and how it could help safeguard your retirement. Plus, learn how to calculate your potential retirement income with a GLWB and secure a free consultation to discuss your best options. Don’t miss this essential guide to making informed, sustainable retirement income decisions!

    Use our retirement income calculator!
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