Here's part 6 of a piece from Money Central that details some of the most common retirement planning mistakes and how to avoid them:
Withdrawing too much -- or too little.
What constitutes a "sustainable" or "safe" withdrawal rate is the object of a lot of controversy in the financial-planning world these days. Many planners are persuaded by the research of CFP Bill Bengen, who has shown that a 3% to 4% withdrawal rate is safest.
I'm conservative in money matters, so I'd go for the former option. What about you?
Click here to read part 7 of this series.
Free Money Finance recommends Emigrant Direct. Its 4.0% yield is something you shouldn't avoid.
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