The 4% rule has become one of the cornerstones of retirement planning. And in many ways that makes sense because investors who have spent 4% of their portfolio annually have historically had a very high chance of making their money last. But with expected returns on both stocks and bonds at historical lows, the 4% rule may not work as well in the future as it has in the past. 
This week, we explore this concept and look at a different approach to retirement planning with Dr. Wade Pfau, who is a Professor of Retirement Income at the American College and a principal at McLean Asset Management. 
We cover a variety of topics including the safety first approach to retirement, the impact of expected returns on retirement planning and the role that home equity should play in a retirement plan. 
We hope you enjoy the discussion. 
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Retirement Researcher - by Wade Pfau, Ph.D. CFA & McLean Asset Management
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