Traditional guidance says not to spend more than 4% of your retirement savings in the first year to protect yourself from running out of money in your golden years. A new recommendation puts that figure at 3.8% with a 30-year time horizon, according to researchers at Morningstar Inc., a half-point higher than the 3.3% withdrawal they recommended in 2022 due to expectations for lower future investment returns. That means if you retire this year with a $640,000 portfolio invested 50% in stocks… Source link
Read More »Retirees can safely withdraw more in 2023 and not run out of money, report finds
Traditional guidance says not to spend more than 4% of your retirement savings in the first year to protect yourself from running out of money in your golden years. A new recommendation puts that figure at 3.8% with a 30-year time horizon, according to researchers at Morningstar Inc., a half-point higher than the 3.3% withdrawal they recommended in 2022 due to expectations for lower future investment returns. That means if you retire this year with a $640,000 portfolio invested 50% in stocks… Source link
Read More »Nvidia to Withdraw From Acquisition of SoftBank’s Arm
(Bloomberg) — Nvidia Corp. is abandoning its purchase of Arm Ltd. from SoftBank Group Corp., according to people familiar with the situation, bowing to regulatory opposition and ending what would have been the chip industry’s largest deal. Most Read from Bloomberg SoftBank now plans to proceed with an initial public offering of Arm, in lieu of the deal, according to the people, who asked not to be identified because the move isn’t yet public. The IPO is expected to happen in the fiscal… Source link
Read More »COVID prompts Miami to withdraw from Sun Bowl vs. WSU
The University of Miami withdrew on Sunday from its scheduled Sun Bowl appearance against Washington State, citing a COVID-19 outbreak on the roster. The withdrawal prompted Washington State head coach Jake Dickert to offer to play “any opponent” in the game scheduled for Dec. 31 in El Paso, Texas. Dickert, whose Cougars are already in El Paso, made the plea on Twitter. It wasn’t immediately clear who, if anyone, would be able to replace Miami as of Sunday evening. Washington State… Source link
Read More »