How to Tap Your Nest Egg In a Wild Market
With today’s volatile market, your nest egg is vulnerable and the rules have changed.
Traditionally, the income withdrawal rate of a retirement account was at 4 percent. It is now recommended that a person takes out as little as possible or about 2-3 percent. Some even recommend taking out nothing during these tough times, and try to live off other guaranteed income in your portfolio.
To read more about tapping into your nest egg, visit Smart Money.