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Making the nest egg last

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Just one in five retirement-age Americans is able to pass a basic test on how to make a nest egg last through retirement, if the results of a recent survey are any indication.

For example, the "4 percent rule" - considered a conventionally safe rate of withdrawal from your retirement funds - is a mystery to seven in 10 Americans, the survey conducted by the American College of Financial Services in Bryn Mawr suggests.