Most investors in retirement income plans say they want theability to access additional withdrawals from their retirementfunds, if they need the money.

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That’s according to a Cerulli Associates/Phoenix MarketingInternational survey, which found that 58 percent of respondentssaid the ability to draw additional funds if needed was animportant feature in retirement income plans.

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While respondents also racked up a substantial list of otherfeatures they’d like to have, the ability to access additionalfunds takes on additional importance, Cerulli said, particularly ingoals-based planning, which look at financial plans in a moreflexible manner.

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Read: Total retirement assets near $25 trillionmark

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In research, Cerulli said that the traditional 4 percent rule,which assumes that retirees can draw up to 4 percent annually froman initial portfolio, adjusted for inflation, and not have to worrytoo much about running out of money, might no longer be valid.

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“Given current market conditions, and the longevity risk ofretirees,” the study said, “withdrawal rates lack predictability.In addition, life-changing events can alter the amount of moneyneeded each year during retirement.”

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Cerulli suggested that advisors and recordkeepers “shouldprovide projections for investors that simulate personalizeddynamic withdrawal rates.”

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Some of the other features that were most popular were thepossibility for assets to continue to grow even after the beginningof withdrawals (43 percent); the ability to change investments inthe future (40 percent); being able to receive automatic monthlypayments (35 percent); and having an advisor oversee retirementsavings accounts and manage the income plan (24 percent).

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Some investors would like to have all their accounts at a singlefinancial institution (17 percent), with nearly as many (15percent) saying they’d like their retirement savings accountsintegrated with their banking/checking accounts. But only 4 percentwere in favor of having a single financial product meet all theirretirement needs.

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