To have the retirement you want now, you may have to tap a little more of your earning power -- and tap into your spirit of adventure. Here are 6 ways to make it happen.
How to turn assets into income
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Stingy stock returns are threatening to upend the standard rule of thumb for making your money last: Withdraw 4% of your assets the first year you retire, adjust annually for inflation, and you'll have nearly a 90% chance of your money lasting 30 years. But that calculation assumes 8% returns for stocks, 5% for bonds.
Given today's low interest rates and choppy stock market performance, some advisers suggest starting at 2% or 3%.
Too little to live on? Learn to balance conservatism and cash flow.
