Now that it's time to retire, how much can I withdraw from my 401k/IRA and how long will my money last? Due to volatility and fees, Mutual funds advisors recommend withdrawing about 3.5% of your balance,which is way too low. A Bank CD or a Fixed Indexed Annuity (FIA) can allow you to safely withdraw 4-6% of your account while protecting your principal from fees or market volatility. An Income for Life rider will never run out of payments. Let's compare the three options.
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