earlier , if you had a retirement portfolio of , say X , you could live on 4 % of that amount per year

but now that rule has changed – it has to be around 3.3 % of that amount , X

this is due to the fact that bonds and stocks don’t give those kind of returns anymore and also you have to take into account the inflation – which is at a 30 year high in the usa and elsewhere in the world

you have to make sure that the money lasts for a longer

will the inflation go down anytime soon ? according to the american michigan consumer sentiment survey , no and american middle class is already cutting back their lifestyles

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