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Michael Finke, a professor at Texas Tech University, and Wade Pfau from The American College discussed the outdated precept of a 4 % annual withdrawal rate from retirement savings.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 Insiders Forum.
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