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Have $500,000 in Retirement Savings? Here’s How Much You Could Spend per Year

According to Asher Rogovy, chief investment officer at Magnifina, research shows that a well-managed portfolio can afford to provide 4% for withdrawal nearly indefinitely.
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“We’re big proponents of the 4% rule. According to research, a well-managed portfolio can afford to provide 4% for withdrawal nearly indefinitely. The withdrawals would be replenished by the returns expected from a fairly conservative investment strategy. A $500,000 portfolio could thus distribute $20,000 per year. This amount might not be enough for a retiree, so it’s important to factor in social security, pensions, and home ownership into any financial plan.”

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