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How do you withdraw money from your portfolio once you're retired?

How do you withdraw money from your portfolio once you're retired? If you have a portfolio and want to withdraw 4 percent each year, do you just sell enough shares to get the 4 percent and try to gain enough income to build that back up, or am I making this harder than it really is?

Personal Finance, Asset Allocation
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January 2019

For the typical client I would recommend setting up monthly withdrawal. In your case you would take 1/12 of the 4% you wanted to withdraw each year.  This allows the money to stay in the account just a little longer and hopefully grow just a bit more.

It also will make it easier to track spending and make sure you are staying on track budget wise.

Most investment companies can make it easy to set this all up to happen automatically.

 

 

January 2019
January 2019
January 2019
January 2019