How Much Money Can I Take From My Nest Egg?

Taylor: The 4% rule is a great starting point for determining how much money can I take from my nest egg while mitigating the chances of running out of money. Taylor: We don't know how long we're going to live. And we don't know what the markets are going to do tomorrow. So when the market does well, we will take a little bit more money from our portfolio. But when we go through tough rocky times like we're going through right now, we have to be nimble enough and willing totake a little bit of a pay cut."