Many older Americans today rely on Social Security to cover their retirement expenses. And chances are, those benefits will be an important source of income for you once your career ends. That's why it's important to claim Social Security strategically. And you may be planning to delay your claim as long as possible to boost your monthly benefits. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the ...

Core Insights - The article discusses the 4% rule for retirement withdrawals, suggesting it may not be suitable for everyone depending on their retirement timing and portfolio risk tolerance [2][6]. Group 1: Retirement Timing - Retiring early may necessitate a lower withdrawal rate than 4% to ensure savings last longer than 30 years [3][4]. - Conversely, retiring late may allow for a higher withdrawal rate since individuals may not need their savings to last as long, especially if they have delayed Social Security claims [5][6]. Group 2: Portfolio Risk - The 4% rule is based on a balanced portfolio of stocks and bonds; however, those with a very conservative portfolio may not be able to sustain a 4% withdrawal rate [7].