Key Points The 4% rule tells you to withdraw 4% of your savings your first year of retirement and adjust future withdrawals for inflation. Not understanding who the rule is suited for and how it works could create financial troubles for you. Recognize that the rule is meant to support a specific timeline and asset mix, and that it's more flexible than you might think. The $23,760 Social Security bonus most retirees completely overlook › So you've done the hard work by saving for retirement consistently and investing your money for growth. Now, as retirement nears, it's time to start thinking about tapping your IRA or 401(k) for income. And it's important to have a solid withdrawal strategy to help your money last.
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