2020: Why is it So Hard to Retire? By Chris Odegard
Optimal Finance Daily - Financial Independence and Money Advice
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Introduction
The four % rule was developed in 19 94 to provide an easy way for retirees to determine how much they should withdraw annually from their portfolios. To have a retirement income of a hundred thousand dollars per year, you need a portfolio of two point five million. According to a c m b c article, approximately eight percent of americns have a net worth of one million dollars or more.
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