New research says no.
I am 60 years old and plan to retire at age 63. I have been making modest investments for almost my entire lifetime, but now that retirement is approaching, I'm not quite sure how I should go about reaping the benefits. My objective at retirement is to retain my capital and draw about 7.5 percent annually in dividend, growth, and interest. Most investment research deals with the process of accumulating money. Very little deals with the problems of portfolios that are distributing money.