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Why spending retirement income principal is necessary

In part two of their interview, former Pimco senior partner Paul McCulley and Legg Mason Capital Management's Bill Miller discuss how the low-return environment has changed the way investors should think about income planning.

In part two of their interview, former Pimco senior partner Paul McCulley and Legg Mason Capital Management’s Bill Miller discuss how the low-return environment has changed the way investors should think about income planning.