In this episode, we dive into the ever-important question: How long can $600,000 last in retirement? For many, the 4% rule is a simple starting point, suggesting that a $600,000 nest egg would provide $24,000 annually and last for 25 to 30 years. But is that enough? And what are the risks of running out of money?

We also explore a different option—using a Guaranteed Lifetime Withdrawal Benefit (GLWB) on an annuity. Depending on the terms of your annuity and your age, you could receive anywhere from $40,000 to $95,000 annually, with a guarantee of income for life. Not only does this provide stability, but it also ensures you won’t outlive your savings, and any remaining balance can be passed to your beneficiaries.

Tune in to learn the pros and cons of both strategies and discover how to ensure your retirement savings last as long as yo ...