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Tag: Retirement

Build Back Better Act would curb retirement plans for the wealthy

U.S. Speaker of the House Nancy Pelosi (D-CA) speaks during a news conference following the passage of the Build Back Better Act, in the U.S. Capitol, in Washington, November 19, 2021.Al Drago | ReutersThe House of Representatives passed legislation Friday that would curb...

The 4% rule, a popular retirement income strategy, may be outdated

MoMo Productions | Stone | Getty ImagesMarket conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later.Withdrawing money from one's nest egg is...

Is 90% in Stocks Too Much During Retirement?

A reader asks: I’m 61 and have been retired for 2 years No debt or liabilities (my children have completed university) My portfolio is 90% equity, 10% fixed income and the stocks are broadly diversified as well as my retirement accounts (Roth, taxable, 401k, HSA, etc.) I...