3 things you need to know about the 4% rule
The 4% rule is probably the best-known strategy for turning money in IRAs, 401(k)s and other retirement accounts into income you can count on for life. Despite all that's been written about it over the years, however, many people still aren't completely clear about how this rule works
Finke, Michael and Updegrave, Walter, "3 things you need to know about the 4% rule" (2018). Faculty Publications. 884.