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