The low-rate environment shows no signs of changing anytime soon, a trend that should prompt financial planners to rethink how they help clients calculate retirement distributions, according to two professors of financial planning.

Michael Finke, a professor at Texas Tech University, and Wade Pfau from The American College discussed the outdated precept of a 4 % annual withdrawal rate from retirement savings. The two appeared in Dallas at a financial planning conference, sponsored by Bob Veres’ Insider’s Forum.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access