According to a recent report by PWC, the problem with the strategy is that it was established when interest rates were higher and life expectancy was shorter.
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For most retirees, following the rule of thumb that calls for funding living expenses by withdrawing 4% of assets each year will result in running out of money in later years. So reports NBCNews.
According to a recent report by PWC, the problem with the strategy is that it was established when interest rates were higher and life expectancy was shorter.