But people nearing retirement, and in retirement, are often perplexed about how much of their retirement savings they can afford to withdraw each year without running the risk of outliving their money. So, my "Friends Talk Money" podcast co-hosts and I just released an episode to help offer guidance. The Big Retirement WorryGiven today's low interest rates, volatile stock market and Covid-19 job concerns, fears of running out of money in retirement are very real. A good starting point for determining how much you can afford to withdraw from retirement savings each year is what's known as "the 4% rule." That's because low rates mean low returns on bonds and savings accounts.

Source: Forbes November 13, 2020 18:45 UTC