One of the best kept secrets of retirement investing

From Dividend Growth Investor:
There are over 60 million baby boomers in the U.S., most of which will retire over the next two decades. Most of them will generate income in retirement through Social Security, while some of the lucky ones will also enjoy a pension provided by their employers. Some boomers might also have some amount of money that they want to learn how to invest, in order to generate income in retirement.

Financial Advisers typically offer the 4% rule as a solution for managing ones money in retirement. This method assumes that investors will rely on total returns in order to monetize their portfolio for living expenses. 

... The danger of this method is that it requires total returns each year in order to grow your portfolio, and avoid eating/spending your principal. Otherwise investors could end up depleting their asset base and might not be able to enjoy retirement for long...

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