So you've made it to retirement, and, presumably, you've got a certain amount of money saved up that you'll need to tap into from time to time. But you're concerned: you don't want to take too much, because you don't now how long you'll live, and thus have no idea how much is "too much" to take out.
This is a common dilemma for retirees. You need a certain amount to meet your basic expenses, but the money may have to last at least a few decades. Is there a "safe" amount you can withdraw each month so that you won't outlive your savings?
Podcast host Johnny Dean and his guest, "Professor" Rick Plum, CFP® talk about how to figure out what may potentially be the "right" amount you can remove from your portfolio in this week's episode of Managing Your Financial Future!
