How to Tap a Nest Egg

By • Jul 12th, 2012 • Category: Personal Finance

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How to Tap a Nest Egg

“One of the most popular methods of figuring out how to withdraw savings in retirement is often the least efficient, according to a new study. … Total Return. The Wall Street Journal’s personal-finance blog. Search Total Return1. July 13, 2012, 7:30 …”

What’s the best way to take a retirement paycheck?A recent study by Morningstar, “Optimal Withdrawal Strategy for Retirement Income Portfolios,” analyzes five drawdown strategies for retirement savings and comes to a startling conclusion: One of the most popular methods – withdrawing 4% of the account balance the first year of retirement and then increasing that amount for inflation every year thereafter – is often the least efficient.The best withdrawal strategy, Morningstar’s researchers found, is the “Mortality Updating Failure Percentage” strategy, which works like this:

The annual withdrawal is first based on the number of years remaining in the retiree’s life expectancy, then determined based on maintaining a constant probability of failure for that period.

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Need some funding, then have a look at net loans

How to use crowd funding to finance your business? | News …

“How to use crowd funding to finance your business? – The banks aren’t funding businesses but the internet is. We look at how to get start-up funding from ……/how-to-use-crowd-funding-to-finance-…”

Crowd funding has become a phenomenon over the past year. In April all records were broken when the developers of the Pebble SmartWatch raised over $10 million (£6.47 million) from 69,000 backers, after only asking for funding of $100,000 (£64,700) to develop their product. And in May little-known indie recording star Amanda Palmer shattered KickStarter funding records by raising the $100,000 (£64,700) she requested to record a new album, book and tour in just one day, and then went on to raise nearly $1.2 million (£776,000).

Learn How to Use to get on top of your Personal Finances …

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