Rethinking Retirement Income Strategies

When interest rates are this low, it might be time to revisit some of the old rules of thumbs about reducing the risk of outliving your money.

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Our annual guide to making your nest egg last as long as you do is even more timely this year because yields from the safest place to keep your savings—the bank—are at rock-bottom. The average yield on one-year CDs is just 0.32%, according to Bankrate.com. Five-year CDs aren’t much better, at just 0.49%, on average.

If you’ve saved diligently, you can still convert your savings into a reliable retirement paycheck, writes senior editor Sandy Block in our cover story. But to reduce the risk of outliving your money, you may need to revisit some of the old rules of thumb. For example, with cash and fixed-income investments paying meager returns, retirees may have to boost their stake in stocks, forgoing the traditional mix of 60% stocks and 40% bonds and cash.

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Mark Solheim
Editor, Kiplinger's Personal Finance

Mark became editor of Kiplinger's Personal Finance magazine in July 2017. Prior to becoming editor, he was the Money and Living sections editor and, before that, the automotive writer. He has also been editor of Kiplinger.com as well as the magazine's managing editor, assistant managing editor and chief copy editor. Mark has also served as president of the Washington Automotive Press Association. In 1990 he was nominated for a National Magazine Award. Mark earned a B.A. from University of Virginia and an M.A. in Writing from Johns Hopkins University. Mark lives in Washington, D.C., with his wife, and they spend as much time as possible in their Glen Arbor, Mich., vacation home.