Personal Finance Advice and Commentary

Wednesday, October 22, 2014 6:00 pm
By Dr. Don Taylor · Bankrate.com

An initial 5 percent withdrawal rate from a retirement portfolio is risky; 6 percent or more is gambling.

Thursday, November 15, 2012 3:55 pm
By Jennie L. Phipps · Bankrate.com

In today’s low-interest world, can a retiree still safely withdraw 4 percent from savings without running out of money?

Thursday, April 12, 2012 12:31 pm
By Jennie L. Phipps · Bankrate.com

The 4 percent rule, which says most retirees can safely spend 4 percent of their retirement savings annually and not run out of money, has been under a lot of scrutiny lately for a variety of good reasons, including the obvious: Interest rates are lousy.

Roger Nusbaum, who is an Arizona-based financial adviser and chief of his local volunteer fire department, reduces the rule to very simple retirement planning math. If you have saved $1 million, you can confidently take out $30,000 to $50,000 a year for as long as you live. But if you feel compelled to spend $80,000 to $100,000, there’s a big likelihood your money is going to run out while you still need it.

Thursday, March 03, 2011 4:34 pm
By Jennie L. Phipps · Bankrate.com

People engrossed in retirement planning have a lot of interesting ideas to share. Here are a few things that have arrived in my e-mail that are worth noting: Leonard McCracken, who on the occasion of his 107th birthday shared some of his financial acumen with us, also generated a little competition among the super-centenarian set.