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![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
Why the 4-per-cent rule is too simplistic for modern retirement planning
For almost three decades, many investors and financial professionals have looked to the “4-per-cent rule” as a rough guide for how much money they would need to withdraw from their portfolios annually to retire comfortably.
![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
Why many business owners are contemplating an exit
A recent Statistics Canada survey of almost 17,000 business owners found that about 3 per cent have plans to transfer or sell their business within the next year, which translates into hundreds of deals across the country based on the sample size alone.
![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
‘It’s never too late’ to fight off risk of dementia as you age
There are 564,000 people in Canada with dementia, the broader category of cognitive impairment that includes Alzheimer’s disease, according to the Alzheimer Society of Canada. Every year, 78,600 new cases are diagnosed, according to a national dementia strategy released by Health Canada in 2019.
![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
A guide for seniors trying cannabis for the first time, a fascinating look at the menopausal brain and a Footloose-inspired protest from a group of Newfoundland seniors
It’s been nearly three years since Ottawa legalized the recreational use of cannabis and one of the big surprises has been just how many seniors are utilizing pot products for health reasons — or just plain fun.
![What role do the most financially secure citizens have in addressing wealth inequality?](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/moneysense.png)
What role do the most financially secure citizens have in addressing wealth inequality?
MoneySense partners share their answers to questions that we hope will inspire and inform Canadians about their personal finances.
![Single seniors group cries foul on tax rules](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/08/thestar.png)
Single seniors group cries foul on tax rules
Advocates says women are disproportionately affected by financial rules.
![The best way to bid on a house](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/global-news.png)
The best way to bid on a house
As provincial regulators look around for a quick way to squirt some cold water on the sizzling hot housing market, the bidding process — called blind bidding — that encourages aggressive bids is coming under scrutiny.
![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
How advisors can help clients rethinking their retirement
Advisors should focus on helping clients find an equilibrium, says Alim Dhanji, senior financial planner at Assante Financial Management Ltd. in Vancouver.
![Women’s Philanthropy & Jewish Foundation – Taking Charge of Your Finances](https://www.caringforclients.com/wp-content/uploads/sites/30/2021/05/uja.png)
Women’s Philanthropy & Jewish Foundation – Taking Charge of Your Finances
![Why the 4-per-cent rule is too simplistic for modern retirement planning](https://www.caringforclients.com/wp-content/uploads/sites/30/2019/04/globe-and-mail.png)
Following the 70-per-cent income rule could mess up your retirement plans
Some experts say the often-cited figure is no longer reliable.