One of the biggest fears many retirees face isn’t death — it’s running out of money during retirement. And they’re not alone. According to the 2024 Annual Retirement Study from Allianz Life Insurance Company, two-thirds of Americans worry about outliving their savings.1
It’s a valid concern, but here’s the good news: with the right withdrawal strategy, you can design a roadmap for your retirement funds and help ensure your savings last a lifetime.
In this article, we’ll explore two common strategies (the 4% rule and retirement income guardrails), along with their pros and cons, so you and your wealth advisor can choose the one that’s best for your situation.