Why Not Dipping Into Principal Can Be Dangerous
Many investors would like to live on income alone, but that can lead to chasing yield and taking on too much risk, says professor Meir Statman.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Many retirees wrestle with how to extract cash flow from their portfolios. Joining me to share his perspective on the behavioral aspect of retirement planning is Meir Statman. He is a professor of finance at Santa Clara University.
Meir, thank you so much for being here.