HOW TO AVOID RUNNING OUT OF MONEY IN RETIREMENT

I’m warning you now: don’t jeopardize your retirement with this flawed (but popular) piece of financial advice. The 4% Rule that’s frequently espoused by financial planners and pundits can carry with it substantial risk. The 4% Rule is a financial concept that states that as you enter into your retirement years, you should plan on deducting roughly 4% of your retirement portfolio’s value every year in order to meet your living expenses. The plan is that the structured withdrawals from your nest egg should provide financial support for at least a couple of decades, and possibly as high as 30 Continue reading