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

Soaring markets have swollen the ranks of 401(k) millionaires, and companies have largely freed themselves from costly traditional pension plans in favor of self-directed, employee-funded savings that bestow tax benefits on employers and workers. Bruce Wolfe, founder at CS Wolfe & Associates, discusses how inflation and market uncertainty are changing the way we save for, and spend during, retirement. (Source: Bloomberg)