The stereotype of the retiree living off the interest from CDs and savings is gone. The question is, will it ever return? It may take longer than you think.
At a recent editorial meeting here at Bankrate, one of my colleagues suggested we run a story challenging the rule that retirees withdraw no more than 4 percent from their portfolios during retirement. It seemed to him that the rule was too rigid and not applicable in every situation. For example, if a retiree’s portfolio