Sentences with phrase «from running out of money in retirement»
Living benefits can help protect variable annuity owners from running out of money in retirement.
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This benchmark is based on a 4 % withdrawal rate, meaning that if you have 25x worth your annual expenses saved in your retirement accounts, you will be able to support your desired lifestyle by withdrawing 4 % from your investments every year in retirement without running out of money.
Take out too much from your savings in retirement and you run the risk of running out of money before you die.
Adrian Mastracci, portfolio manager of Vancouver - based Lycos Asset Management Inc. says funding the ever demanding retirement years can be fraught with fears and trepidation and any additional options that help retirees from running out of money in their later years are welcome strategies.
Focusing on the income from an investment portfolio versus the size of a portfolio can be the difference between living well in retirement or running out of money.