Nationwide kills the 4% rule big time
It is well known that in order to be safe and never run out of money in retirement you should invest conservatively and only draw 4% of your account value per year in order to not run out of money.
Here is great news for you if you old enough and plan to retire soon. There is at least one product on the market, readily available to make you 7% or more for life no matter how long you plan to live. And even if you want to start immediately.
If you are 62 and would like to start getting money right now, here you are:
7% of your income for life guaranteed. See the image below.
and really it is not all the story
You can and will get more in later days, as the annuity is indexed and will grow with the market.
Write us at askmoneyadvice@gmail.com and we can make the happy life happen today
Even better
- You can start now and withdraw in 5 years, and get 109K/year till the end of your life, from the same starting point.
Next time you see someone sitting in the business class and sipping champagne, you will not wonder anymore how they can be so sure they will not run out of money and relaxedly enjoy life.
References and Links
ask-money.com - a lot of useful info about financial planning and enjoyable retirement
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