4% Rule Doesn't Reflect Realities of Retirement, Says Bruce Wolfe

Bruce Wolfe, founder of CS Wolfe & Associates, stated that inflation and market uncertainty are changing retirement savings and spending patterns. The number of 401(k) account holders with balances exceeding $1 million has grown as stock markets have risen, while most employers have shifted from traditional pension plans to self-directed retirement savings accounts. Wolfe's comments were reported by Bloomberg.

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