However, if your child's
social withdrawal lasts for more than two weeks, speak to your child's pediatrician or other mental health providers for an evaluation and treatment options.
Not exact matches
As we pointed out in our post
last week, a
withdrawal rate strategy should respond to market factors like equity valuations and bond yields as well as personal factors like age, retirement horizon, and expectations about pension and
Social Security benefits.
To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming
Social Security benefits; considering whether you want more guaranteed income than
Social Security alone offers (which is where an annuity might play a role); and, settling on a
withdrawal rate that has a reasonable shot at making your savings
last as long as you do.
For example, the safe
withdrawal rate changes over time depending on equity valuations and the safe
withdrawal rate can be vastly different depending on your age and expectations about
Social Security, see two case studies I did recently at ChooseFI and
last week here on our blog.
One way to answer that question is to see how long that $ 41,918, plus future investment earnings on it, would
last if you withdrew just enough each year so that the
withdrawal plus your lower
Social Security payment would match the higher full - age benefit.
Or, you can leave
Social Security out of it and just see how long your nest egg is likely to
last at different
withdrawal rates.
At a 4 % annual
withdrawal rate, which should
last him through the rest of his life, he can take out $ 20,600 per year which is a great supplement to his
Social Security benefits (which I estimate to be $ 16,800 a year using this calculator).
So, for example, one option is to show you how much income the combination of
Social Security plus your nest egg might generate (and how long that income stream might
last) based on different
withdrawal rates from your savings and how the adviser divvies up your retirement portfolio between stocks and bonds.
Start with a reasonable initial
withdrawal rate: Once you understand how many years you may be counting on your retirement accounts to supplement
Social Security and any other sources of income, you then want to gauge how likely your savings are to
last for as long as you need them to given different
withdrawal rates.
For other children, however, being ignored or rejected by peers may be a
lasting problem that has lifelong consequences, such as a dislike for school, poor self - esteem,
social withdrawal, and difficulties with adult relationships.