Beware of Wall Street “wisdom” now more than ever. Especially when it comes to the most commonly quoted maxim for retirement: it’s based on a rule that was never designed for times like these! I’m talking about the so-called “4% rule,” which says you should sell 4% of your nest egg every year in retirement. Sounds simple, right? Trouble is, it slashes your income stream and caps your upside in one go! It’s especially dangerous advice to follow in a downturn like the 2022 mess. Let’s say, for example, you own $200,000 worth of Cisco Systems (CSCO) shares. Cisco is one of the most reliable dividend payers in the tech space, hiking its payout for years and continuously growing it (though not spectacularly: Cisco’s annual hikes usually only come in at just one or two cents a share).… Read more