Financial advisers might have to drop the 4% rule, experts say

Financial advisers told clients for decades that they can safely spend 4% of their savings in retirement every year, but experts say it might be time to abandon the rule because of market volatility and the economic downturn. To make sure retirees don't run out of money, annual withdrawals might have to be scaled back to 3.5% or 3%.

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InvestmentNews (free registration) · USA Today · Daily Sound (Santa Barbara, Calif.)

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