Op-Ed: With today's market volatility, the '4% rule' creates risk for America's retirees

Colin Devine, principal at C. Devine & Associates, and Ken Mungan, chairman of MillimanThe 4% rule was hatched in an era in which interest rates were higher, markets less volatile and Americans had shorter lifespans.

Target date funds, mutual funds and exchange traded funds are often used to generate retirement income, yet annuities are the only financial product that was designed for and specifically provide protected lifetime income. While some of the underlying thinking behind the so-called 4% rule was prudent, it was hatched in an era in which interest rates were much higher, capital markets less volatile and, most important, Americans had shorter lifespans.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks were so volatile this week some analysts have started pulling their S&P 500 targets | Markets InsiderWall Street analysts at Oppenheimer this week abandoned its S&P 500 target amid market volatility due to the coronavirus pandemic this week....
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

20 More Stock Picks For The Coronavirus Economy, According To Market ExpertsEven though the coronavirus has caused unprecedented market volatility, there are still good deals to be had for investors. I have 7 of those stocks, so I like your list. 😄
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »