Our daily roundup of retirement news your clients may be thinking about.
How are people who retired in the year 2000 doing today? Data show that people who retired in 2000 and use a 4% withdrawal rate on a portfolio with a 50/50 asset allocation have retained 67.5% of their wealth after 16 years since their retirement, writes an expert. Their remaining wealth is higher compared with people who retired in the previous years, writes the expert. "The 4% rule may work for 2000 retirees, but retirees should still remain cautious and monitor the evolution of their current withdrawal rate." –Forbes
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