Many older Americans fear running out of retirement savings. Without a withdrawal plan, this fear may become reality. The 4% rule suggests withdrawing 4% of your IRA or 401(k) balance annually, adjusting for inflation. Customizing a strategy may be more beneficial, especially in early retirement or with different asset allocations.

Reducing stock exposure post-retirement is wise, but a balance is crucial. The 4% rule assumes a mix of stocks and bonds; deviating may affect longevity of savings. Consult a financial advisor for a suitable stock allocation that aligns with your comfort level.

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Don’t let your hard-earned retirement savings disappear. Create a withdrawal strategy tailored to your needs and take calculated risks to safeguard your savings. Learn the “Social Security secrets” to ensure a comfortable retirement.

Read more at Yahoo Finance: 2 Signs You’re at Risk of Running Out of Retirement Savings