The Importance of Financial Advice in Retirement Planning

The need for financial advice in the years ahead is going to explode with a number of baby boomers we have that have some money or financial assets and are going to need advice on what to do with it. Let's talk about the 4% rule: Once you retire, you should comfortably be able to spend 4% of your portfolio and not run out of money. The 4% rule is to retirement planning as the 60 40 portfolio is to portfolio management but no one actually follows it to the letter of the law.