Traders Mark Muller, left, and Kevin Walsh work on the floor of the New York Stock Exchange Tuesday, Dec. 3, 2013. Stocks are opening lower on Wall Street as investors hold back ahead of economic reports that could influence when the Federal Reserve will start reducing its stimulus. (AP Photo/Richard Drew) ORG XMIT: NYRD104(Photo: Richard Drew AP)It's all relative. How much retirees can safely withdraw from their retirement account each year is a mostly a function of current stock values and interest rates, which tend to predict near-term returns. And when stock market valuations are well above and bond yields are well below their historical averages, as they are today, retirees should withdraw much less than 4% of their portfolio, assuming they want their nest egg to last over the course of their household's lifetime.Or at least so say the authors of "Asset Valuations and Safe Portfolio Withdrawal Rates," a new paper that seeks to provide retirees and soon-to-be retirees with some new rules of thumb about withdrawal rates. The old rule of thumb, which traces its roots back to a 1994 paper published by financial planner William Bengen, suggests that you can safely withdraw 4% per year from your retirement accounts without worry of running out of money.The new rule of thumb, however, says you need to consider both current bond yields, stock values as measured by what's called the cyclically adjusted price-to-earnings (CAPE) ratio, and your asset allocation before setting your withdrawal rate."Our simulations indicate that the safety of a given withdrawal strategy is significantly affected by the initial bond yield and CAPE value at retirement, and that the relative impact varies based on the portfolio equity allocation," wrote the authors of the paper, David Blanchett, CFA, CFP®, the head of retirement research at Morningstar Investment Management, Michael…

Roger Yu, USA TODAY 11:16 a.m. EST December 4, 2013 Newsweek's last print issue, published on Dec. 31, 2012.(Photo: Elizabeth Weise)Story HighlightsThe magazine stopped printing at the end of 2012 after 80 yearsNew editor wants to dedicate print space to stories, not for grazing "short, little" itemsBusiness model calls for relying mostly on subscription revenue, not ad salesNewsweek's new owner wants to resume printing the magazine.IBT Media, a New York-based media company that bought the Newsweek brand in August, plans to revive the magazine early next year, following its 'last" issue that was published at the end of 2012.IBT plans to generate most of its Newsweek-related revenue from subscription. "We're not going to shoo away advertisers. But we're not going to sell (the magazine) for less than the cost of producing it," says Jim Impoco, the magazine's editor-in-chief.In 2010, the late billionaire stereo magnate Sidney Harman bought the iconic but financially troubled news magazine from the Washington Post Company by assuming its debt and paying $1 in cash. He then formed a joint venture with IAC/InterActive to merge the magazine with IAC's Daily Beast news website. IAC, controlled by billionaire media mogul Barry Diller, eventually assumed a controlling stake and shut down the print operation. Failing to turn Newsweek into a profitable venture, IAC sold it to IBT for an undisclosed sum after several months of searching for a buyer.IBT relaunched Newsweek.com in October and has hired "a couple dozen staffers" who have been writing for the website, says Impoco, who previously worked at Thomson Reuters as enterprise editor and executive editor for Thomson Reuters Digital.With the new print magazine, Impoco plans to move away from the recent-news-recap editorial approach common among newsweeklies and mostly publish originally reported stories. As an example, he cites a Newsweek.com story, published Tuesday, about…

AutoplayShow ThumbnailsShow CaptionsLast SlideNext Slide[1][2]The 2014 Honda Odyssey.(Photo: Honda Wieck)Story HighlightsStyling: BadFeatures: More than you expectDriving feel: Sporty, for a family vanSo much new, so few external changes to billboard them.That sums up the refreshed 2014 Honda Odyssey.Test Drive considers the styling of Honda's Odyssey family van — nothing "mini" about these things — a great tragedy, and would have welcomed exterior improvements.Oh, sure, the 2014 Odyssey gets some blacked-out this, chromed that, body-color the other. But until that side styling is changed, to get rid of the sheet metal kink, and hide the sliding side door track the way Toyota and Chrysler vans do, Odyssey's very far off our personal list.Oddly, some otherwise reasonable people say they actually like the way it looks. And a feisty Honda dealer in the South insists that whenever Test Drive writes nasty things about the appearance, his sales go up.Honda chose to work underneath for 2014, on major matters. It changed to its latest crash-safety construction, thereby becoming the first family van to earn a "Top Safety Pick Plus" rating, highest possible from the Insurance Institute for Highway Safety.In addition to doing well enough to earn Top Safety Pick in the IIHS regular menu of crash tests, adding the "Plus" requires a high score in the demanding new small-overlap front crash test, duplicating a glancing blow to a tree or pole.Honda gave all models the six-speed automatic for better mileage, increased the array of features without much price jump for better value and added a minivan-exclusive built-in vacuum cleaner to the top model for more headlines.In fact, the vac has gotten so much attention that the Honda product guys probably could bill the development costs to their marketing department as a promotional expense.But notwithstanding the excellent crash-safety results and body-color mirrors, LED taillights,…