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Why Your Retirement Portfolio Can’t Rely on High Rates of Return

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While long-term stock market returns have averaged about 10% per year – and long-term government bonds have returned a little under 6% since 1926 – assuming that your retirement portfolio will earn high rates of return in the future could be a mistake. Past performance, as they say, is no guarantee of future results, and assuming you will earn more than reality delivers can mean that you fail to save enough during your working years or that you draw down your portfolio too quickly during your retirement.