The Wall Street Journal over the weekend ran this article on retirees and their annual withdrawal rates. An investor needs to review their portfolio to get a feel for the amount they can withdraw annually, taking into consideration all forms of income and expected expenses over retirement. Big swings in the market early in retirement can have significant effects on the level of your withdrawal compared to your portfolio size. Once a withdrawal rate is established its not a “set it and forgot it” issue. It should be reviewed annually to see if the amount still makes sense, or if it can be revised up or needs to be reduced.
Are you withdrawing too much from your portfolio?
There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained herein serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources, but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated. Source: FMG Suite, LLC.
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