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MEMBERS SAVINGS SCHEME WITHDRAWAL FORM Kanisa Sacco

MEMBERS SAVINGS SCHEME WITHDRAWAL FORM Kanisa Sacco

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foreign [Music] good news is in store for retirees new research from Morningstar revealing that retiree is Seeking a fixed withdrawal rate can now safely withdraw 3.8 percent from their portfolio over a 30-year period That's up from only 3.3 percent one year ago Yahoo finances Carrie Hannah joins us with more on this Carrie nice to see you nice to see you Dave um yeah this is a Morning Star runs these calculations every year that with a thousand different variables they throw in and look at these scenarios running the computerized models and you know this year it they did bump it up to 3.8 percent now the standard for more than 20 years has been four percent right that that would be your initial the first year you retire and then you gradually bump that up to follow inflation in the years that that ensue um last year they dropped it down to 3.3 percent mostly because of Market expectations because that's a big variable there so people are looking at portfolios and when they say that nu

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