Rule of thumb drawdown rates lead to 'retirement ruin'

James Phillips
clock • 2 min read

The "rules of thumb" for sustainable drawdown income should be abandoned and replaced with tailored rates based on individual circumstances, Aegon has said.

A 65-year old taking income from their pot at 4% a year has a 20% chance of running out of money within 30 years, the firm said in a report with actuarial firm EValue. The firms added this could...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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