Bill Bengen's Retirement Income Strategy

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Decoding Retirement

Yahoo Finance

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Business

Business & Economics

The 4% rule creator reveals the new safe retirement withdrawal rate

Summary

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78% Informative

Bill Bengen introduced the 4% rule in 1994 , which suggests that retirees can safely withdraw 4% of their portfolio in the first year of retirement and then adjust that amount annually for inflation.

Bengen 's new book, " A Richer Retirement ," is set to be published later this year .

He outlines eight key factors to consider when crafting a retirement income plan.

If your goal is to leave a substantial inheritance, he said, you’ll need to adjust your withdrawal rate accordingly.

Bengen's research suggests that keeping a stock allocation between 47% and 75% with the rest in bonds and cash, results in a sustainable withdrawal rate of about 4.7% .

Retirement planning isn’t a “set it and forget it” process — it requires ongoing monitoring and adjustments.

Over a 30-year retirement, unexpected challenges are bound to arise.

How retirees respond to them can be just as important as the initial plan itself.

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informal

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English

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