Clipper fund manager Christopher Davis says the recent downturn offered a rare opportunity to buy high-quality firms that can weather the harshest environments.
Low bond yields 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.
Good day, and welcome to today's Colgate-Palmolive Company Fourth Quarter and Fiscal Year End 2012 Earnings Conference Call. Today's call is being recorded and is being simulcast live at www.colgate.com. Just as a reminder, there may be a slight delay before the question-and-answer session begins ...