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Burns: Purchasing power key to withdrawal rates (Houston Chronicle)

Story date: 2007-10-11 10:49:16
Added on: 2007-10-12 05:59:24


Q: You confused me recently in a column about safe rates of withdrawal. I am 68 years old and 80 percent invested in CDs. My CDs are currently paying between 5 percent and 5.5 percent. If I withdraw only 4 percent or 5 percent from my investments, I will have more money when I die than I have now.


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