Personal Finance Advice and Commentary

Wednesday, August 06, 2014 11:09 am
By Jennie L. Phipps · Bankrate.com

Continuing to work makes many retirees happy.

Monday, April 28, 2014 10:51 am
By Allison Ross · Bankrate.com

The Fed is requiring Bank of America to suspend its dividend and buyback programs.

Sunday, December 09, 2012 6:05 am
By Jennie L. Phipps · Bankrate.com

Start early planning your retirement as a small-business owner.

Sunday, October 28, 2012 6:05 am
By Jennie L. Phipps · Bankrate.com

Here’s how to handle retirement risk like the business professionals do.

Monday, October 22, 2012 5:16 pm
By Jennie L. Phipps · Bankrate.com

Are you worried enough about the “new normal” to push your grown children out the door?

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.