After all those years of saving for retirement, many are left to determine how much to withdraw once they retire.

 

Key Takeaways:

• The well known rule of thumb of withdrawing 4% per year may not be best for every retiree.
  
  

• Try calculating your income gap. Add up any current or retirement income and subtract any expected expenses.
  
  

• If you’ve already began withdrawing too much, consider consulting with a financial advisor who is a fiduciary for help.