Summerlin Benefits Consulting Q&AAnswer
Oct 29, 2024 - 09:56 AM
To estimate your guaranteed retirement income from Social Security, pensions, and other sources, calculate expected annual retirement expenses, consider all known income sources, and compare. The 5% rule suggests withdrawing 5% of retirement savings annually to ensure lasting income, adjusting for lifestyle, inflation, and unexpected expenses. For personalized assistance, consult with a financial professional.
