Retiring on CDs Not Viable
05.07.13: Gone are the days when retirees could live off the returns from certificates of deposits. In fact, “today's low CD rates and rates on other savings vehicles could cause retirees to run out of money before they run out of life.” In “Retiring on CDs Not Viable” by Bankrate.com, the article also warns that the low-yield environment has impacted the old 4% rule to the point that it is no longer viable. Now that tax season is officially behind us, this is a great time to review your asset allocations and consider if a guaranteed income product is right for you. Contact us today to schedule a review of your retirement plan to be sure that it will support you throughout your lifetime.