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The Independent Investor: How Much Is Too Much to Spend in Retirement?
By Bill Schmick,
02:53PM / Thursday, July 17, 2014

More and more baby boomers retire each year. One of the questions that trouble them the most is whether they have enough savings to last their lifetime. The answer largely depends on how much they plan to spend each year.

The historical guideline that most financial planners use is a 4 percent drawdown of your retirement savings after taking account of social security and other non-portfolio sources of income, such as rentals or part-time work. That number has been shown to provide most retirees with a comfortable living over the course of a 30-year retirement.

However, I advise my clients to use the 4 percent rule of thumb as a starting place and adjust along the way. Times

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The Independent Investor: The Fed Turns Off the Spigot
By Bill Schmick,
06:15PM / Thursday, July 10, 2014
The Federal Reserve Bank announced an end to their latest quantitative stimulus program on Wednesday. The markets worldwide sold off on Thursday. Was it just a coincidence?   It was not as if their announcement was unexpected. The Fed has been winding down its $85 billion a month purchases of bonds and mortgage-backed securities since the beginning of the year. Each month they have pared back $10 billion/month incremental purchases.   June's policy meeting confirmed that the last purchases would end in October. Some investors were relieved, while others were concerned. Many believe that the longer the Fed's program continues the less impact it will

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