These retirement saving 'rules' just don't add up
May 7, 2015
CNBC - For years, financial advisors have tried to keep retirement planning simple.
You can count on the stock market returning roughly 7 percent a year over the long
run, according to the conventional wisdom, and expect to withdraw about 4 percent
from your nest egg every year once you're retired.
A 2013 study by Michael Finke at Texas Tech and co-authors, for example, plotted the
"failure rate" (meaning you'll run out of money) of a retirement account over 30 years,
using various annual rates of withdrawal.
Read the rest of the story on CNBC. This story also appeared on Yahoo! Finance.