The 4 percent rule of withdrawal in retirement may be outdated, according to research by J.P. Morgan Asset Management.
Low interest rates, extreme market volatility and the negative impact fixed withdrawals had on shrinking account balances in the wake of the 2008 financial crisis have forced the industry to take another look at the 4 percent withdrawal rule of thumb that has been in place for decades.
Since the 1990s, financial professionals have told clients they could withdraw 4 percent of their retirement savings a year without running out of money in retirement.
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