Retirement counseling guide 2025

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Once you have a clear savings picture, apply the 7 percent rule to determine your annual withdrawal amount. For example, if your total retirement savings amount to $1 million, you would withdraw $70,000 annually. Next, consider the impact of inflation on your withdrawals.
The 7 percent rule is a key concept in retirement planning that suggests you can withdraw 7 percent of your retirement savings annually without running out of funds. This guideline helps manage your withdrawals systematically, maintaining financial stability throughout retirement.
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