withdrawal strategies

Withdrawal strategies are planned methods for taking money from your savings or investments, especially during retirement. They aim to ensure your funds last over time while providing income. Common strategies include withdrawing a fixed amount each year, adjusting withdrawals based on investment performance, or taking only the earned interest. The goal is to balance enjoying your savings now with maintaining enough to support you later. Choosing the right approach depends on your financial situation, life expectancy, and market conditions, and often involves careful planning or professional advice to avoid running out of money prematurely.