5 Ways to Increase Retirement Income in a Low-Yield World

Many retirees who worked hard and saved diligently only to reach retirement in a low-income-rate environment have recently found the income they need to live off may be less than they had expected. Fortunately, there are still opportunities for pre-retirees and retirees to increase retirement income in today's low-yield world.

Until recently, experts suggested that pre-retirees should use just 4% of their retirement account during their first year of retirement and that the account's later use would be dependent upon the inflation rate. However, it has become clear that this 4% rule is flawed.

The 4% rule was established in the 1990s when bond interest rates were considerably higher than they are now. The rule also assumed that retirees had balanced portfolios, which was not always the