Six Retirement Withdrawal Strategies That Stretch Savings
Six Retirement Withdrawal Strategies That Stretch Savings
What does our 2024 research reveal as the highest safe withdrawal rate?
For many investors, 4% has traditionally been seen as the ideal retirement withdrawal rate. However, Morningstar researchers now recommend a starting safe withdrawal rate of 3.7% for 2024.
This adjustment reflects the effects of higher equity valuations and lower fixed-income yields, which have led to reduced return expectations for stocks, bonds, and cash over the next 30 years.
In the latest edition of our State of Retirement Income report, we’ve modeled the safe retirement drawdown rate for 2024. The report also evaluates six retirement withdrawal strategies designed to help extend an investor’s retirement income. With these data-driven insights, financial advisors can guide clients toward greater financial confidence and security in retirement.
What's Inside:
What's Inside:
- Understand how safe withdrawal rates have changed over time.
- Compare six dynamic drawdown strategies that could extend your clients’ nest egg.
- Assess the trade-offs of withdrawal strategies to customize plans for your clients.