Retiring in 2026? 3 Strategies for Making Your Money Last.

Core Insights - The article discusses strategies for retirees, particularly those planning to retire in 2026, to ensure their savings last throughout retirement Group 1: Withdrawal Strategies - Implementing a smart withdrawal rate is crucial, with the 4% rule being a common guideline for initial withdrawals from retirement savings [3][4] - The sustainability of a 4% withdrawal rate depends on the investment mix of the savings, with a conservative portfolio necessitating a more cautious withdrawal rate [4] Group 2: Cash Reserves - Having cash on hand to withstand market downturns is essential, especially early in retirement, to avoid detrimental impacts on savings [5][6] - It is advisable to maintain enough cash to cover one to three years of living expenses, providing a buffer against potential market corrections [6] Group 3: Additional Income Streams - Boosting other income streams can alleviate pressure on retirement savings, allowing for a more sustainable financial strategy [7] - Current strong CD rates present an opportunity for retirees to secure competitive returns on cash reserves [8]