Another alternative to the 4% rule is the dynamic spending plan. Instead of simply assuming you will spend 4% of your assets every year in retirement, this strategy involves setting an annual budget ...

The same NerdWallet study found that 46% of Americans want to save money for emergencies in 2026. Start with whatever you can spare. Make it $20, $50, $75 or whatever jibes with your budget right now.

Adding the indices gives \(5\frac{1}{2}\) which is \(\frac{11}{2}\). \(= {y^{\frac{{11}}{2}}}\) Now try the examples questions below.