The old rule of thumb held that you could spend 4 percent of your savings each year in retirement, and be reasonably confident that you won't die broke.
St. Louis investment guru and author Larry Swedroe challenges that in a new blog post on CBS Money Watch. Given the lower returns expected from stocks and bonds, the safe withdrawal rate is probably 3 percent at best, he says.
Wonk warning: Larry likes to get down deep in the numbers.
Swedroe is director of research at Buckingham Asset Management in Clayton.
Jim Gallagher is a reporter at the Post-Dispatch
