Does the 4% rule include advisor fees?
Good day, I'm curious to know if the widely accepted 4% rule for retirement withdrawal, which is often used to calculate sustainable withdrawal rates from investment portfolios, takes into account the fees charged by financial advisors. In other words, does the 4% annual withdrawal rate factor in any professional management fees or advisory costs that an investor might incur while managing their retirement funds? This is an important consideration for retirees who want to ensure their portfolios last throughout their retirement years.