In this episode, we dive into a question that's at the heart of retirement planning: Can a $2 million nest egg last a lifetime? If you're aiming for a secure retirement, it's essential to understand how different strategies can stretch your savings and provide the income you need. We’ll explore two popular approaches for making that $2 million last: the 4% Rule and an Annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB).

First, we break down the 4% Rule—a widely accepted rule of thumb. It suggests withdrawing 4% of your retirement savings in the first year, then adjusting annually for inflation. This method offers flexibility, but it comes with risks like market downturns, inflation, and the chance of outliving your savings. Is it worth the risk for the potential to leave a legacy?

Then, we shift gear ...