Nice WSJ Article to Impress the Importance of Income Planning to Your Clients

The Wall Street Journal article, “Say Goodbye to the 4% Rule” gives a startling example of the importance of income planning.  

“If you had retired Jan. 1, 2000, with an initial 4% withdrawal rate and a portfolio of 55% stocks and 45% bonds rebalanced each month, with the first year’s withdrawal amount increased by 3% a year for inflation, your portfolio would have fallen by a third through 2010, according to investment firm T. Rowe Price Group.  And you would be left with only a 29% chance of making it through three decades, the firm estimates.”

Retire at the wrong time and follow the 4% rule blindly… you could end up with a 67% chance of running out of money.  If that isn’t an endorsement for using a professional to help you manage your portfolio on a yearly basis… I don’t know what is!

You can find the article by simply Googling, “Say Goodbye to the 4% Rule Wall Street Journal”.

About Mike Kaselnak

Michael Kaselnak is considered one of the top marketing and sales experts in the financial services industry. He has personally mentored over 300 financial advisors in the past 10 years. These financial advisors saw their average production increase by 62%. Many saw increases of over 300 percent. He writes articles that have appeared in many mainstream magazines and has written the popular report 300 Financial Headlines that sell.
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