Have you heard of the 4% rule?! It’s the most recognized benchmark for safe withdrawal rates in retirement. However, it lacks flexibility and often leaves retirees “under-spending,” particularly in their prime retirement years.
Think Advisor put out this article (link below) that touched on three alternatives to the 4% rule and how they can potentially increase your spending capacity over time, while also protecting downside risk (outliving your assets).
I hope you enjoy this episode!
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Here are some other sources I referenced in the show:
Think Advisor article – Pros and cons of 3 retirement spending plans
Bill Bengen’s SAFEMAX, 4% Rule Study
Guyton and Klinger Decision Rules
Ep. 14 – “Retirees, Stop Underspending in your Go-Go Years”
My blog article on using Guardrails to boost retirement spending!
IRS Life Expectancy Tables
Make sure to share this with a friend or family member who needs to learn about how retirement works! I appreciate all of you!
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