Stop 'Dollar-Cost Ravaging' Your Portfolio in Retirement

It's been more than seven years since Wade Pfau, one of the top experts in retirement research, wrote a column for MarketWatch urging readers to "Say Goodbye to the 4% Rule."

In it, Pfau suggests that the "rule" -- which is more of a theory, really -- made too many assumptions based on old numbers that didn't necessarily translate to modern markets -- or modern investors. A few months later, in 2013, Pfau and fellow retirement specialists Michael Finke and David Blanchett published their study, "," further demonstrating why advisers who base their clients' withdrawal plans