What Is $1K Per Month In Retirement Rule?
As you look toward retirement, you'll want to evaluate your options to create a steady income stream
. This could come from Social Security benefits, retirement account distributions or a pension. Another popular income strategy involves using the $1,000 per month retirement rule. It means that for every $240,000 you have set aside, you can receive $1,000 a month if you withdraw 5% each year.
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