Retirement: Withdrawal Rate
Will Your Savings Last?
You’ve saved money your entire life, building a nest egg to fund a retirement of which you’ve always dreamed. The good news is that today’s retirees are living active lifestyles and living longer than ever before. However, the longer you live, the more you risk outliving your savings.
Depending on how much you earn on your investments and how much you withdraw from these assets each year, you could have remaining assets for legacy potental or if you live long enough, you may eventually spend all of your money.
How Long Will Your Money Last?
You've worked hard. Retirement should be easy.
Lifetime income annuity payments are guaranteed to last for life and help you worry less about drawing from your assets too quickly. Talk to your advisor today about New York Life's retirement income solutions.