Reported about 19 hours ago
Bill Bengen, the architect of the 4% rule, revises his guidance for retirees, suggesting a safe first-year withdrawal rate of 4.7% instead of the previous 4%. He emphasizes eight customizable factors that retirees should consider when planning their income, such as planning horizon, tax implications, and portfolio structure. Bengen's research indicates that maintaining a balanced asset allocation and regularly rebalancing can enhance sustainability. He stresses that effective retirement planning is an ongoing process requiring adjustments to navigate the challenges that arise over time.
Source: YAHOO