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Finke Study Warns: 4% Retirement Rule is Dead, Long Live Annuities

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Financial advisors relying on the classic “4% rule” for their clients’ retirement income have a better than even chance of failure, according to newly published research.

Titled “The 4 Percent Rule is Not Safe in a Low-Yield World,” the study by Michael Finke, Wade Pfau and David Blanchett argues that advisors make a grave mistake in basing their clients’ retirement plans on historical returns that may be an anomaly.