Don't let your retirement well run dry

Want to be sure you won't run out of money in retirement? The standard advice that you'll hear from planners (or find on the pages of Money Magazine) is to follow the 4% rule: Withdraw no more than 4% of your portfolio the first year of retirement and then increase that amount for inflation each year. And indeed, if you do this, there will be roughly a 90% chance that your money will last at least 30 years.

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[Source: Financial news of the day - CNNMoney.com]