"4% Rule" Serves as Guideline for Today's Retirees, But Use With Caution
Category: MONEY
An estimated 10,000 baby boomers turn age 65 each day. Many of them have a significant portion of their retirement savings invested in non-guaranteed defined contribution plans such as 401(k)s and IRAs. As they retire, they will need to switch from saving to spending down.
By Cheryl Krueger, Contributor
Founder, Growing Fortunes Financial Partners, 2012-04-04