Reported 1 day ago
Bill Bengen, the originator of the renowned '4% rule' for retirement withdrawals, shares updated strategies in his latest book aimed at helping retirees manage their finances better. He emphasizes that many retirees are overly conservative with their withdrawals and encourages a more diversified investment approach to increase withdrawal rates, possibly suggesting rates as high as 5.5% for today's retirees. Bengen's advice is particularly relevant in the context of navigating economic uncertainties like inflation and market downturns.
Source: YAHOO