The hunt for income in a challenging market year for both equities and bonds has many advisors shifting to a very risk-off investment approach while seeking reliable sources of income.
A better-than-expected earnings season alongside lighter inflation reports from July drove stocks to rally in mid-August, and analysts anticipate that the S&P 500 will end 2022 at levels slightly above its rally from bear-market lows in June.
The 4% rule is a general retirement guideline suggesting that retirees can safely withdraw funds equal to 4 percent of their savings during the first year of retirement and then adjust for inflation each subsequent year for 30+ years.
The hunt for income in a challenging market year for both equities and bonds has many advisors searching further afield from more traditional allocations.