Cryptocurrency Q&A
What is the 5% rule in retirement?
What is the 5% rule in retirement?
BenjaminMoore
Wed Oct 02 2024
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7
answers
1442
Excuse me, could you please clarify what the 5% rule in retirement entails? I've heard it mentioned in discussions about financial planning, but I'm not entirely sure how it works or why it's important. Could you elaborate on the concept and its significance in managing one's finances during retirement? I'm particularly interested in understanding how it helps individuals maintain a sustainable income stream while minimizing the risk of depleting their savings too quickly.
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