The incentive or consequence behind the “Fiscal Cliff” scenario was to create a compelling environment for Congress to enact long-range, comprehensive budget reforms that would likely include a combination of revenue increases and limitations on the rapid growth in entitlement program spending, in …
Low bondyields have called into question the safety of the 4% withdrawal strategy, while other avenues for extra retirement income have their own pros and cons, says Morningstar's David Blanchett.
Bonds are a better option than cash and less volatile than stocks, but investors should be mindful of headwinds and possibly rethink their fixed-income allocations, says Morningstar's Christine Benz.