MarjorieR on Nostr: npub1g0tuf…3tvm4 "The golden rule for drawdowns, generally used by experts, is to ...

npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) "The golden rule for drawdowns, generally used by experts, is to take no more than 4pc of your pot per year. This is to try to ensure you do not run out of money."

https://www.telegraph.co.uk/money/pensions/tax-retirement/when-and-how-you-can-drawdown-your-private-pension/

If we are talking about the same thing then taking out 17% pa seems way too high.