Op-Ed: With today’s market volatility, the ‘4% rule’ creates risk for America’s retirees

Op-Ed: With today’s market volatility, the ‘4% rule’ creates risk for America’s retirees

For decades, financial advisors have counseled clients that they should be able to safely withdraw 4% of their assets each year as a means of providing income, while maintaining an account balance large enough to keep income flowing through retirement.

While some of the underlying thinking behind the so-called 4% rule was prudent, it was hatched in an era in which interest rates were much…

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