Ready, Set, Retire!

The so-called “4% Rule” for annual retirement withdrawals has been around since the mid-1990s.  But Morningstar’s Christine Benz believes that number has been misunderstood.  With inflation rearing its ugly head, Benz now feels the safe withdrawal rate should be 3.3%.  Should retirees who are taking out more panic?  How do you help them come up with the ideal number?See omnystudio.com/listener for privacy information.