4% rule
Does the 4% rule still hold true?
Developed by financial planner William Bengen in 1994, the 4 percent rule is a widely accepted guideline for determining how much a retiree can withdraw from their retirement savings each year without running out of money. But does this still…
Doing away with the old 4% rule
We all fear running out of money in retirement, but will we? Most financial experts assume all of us will live to age 95, but only a few of us will, so are we spending too cautiously and not enjoying…
Is the 4% rule even relevant today?
In 1994, William Bengen introduced the idea of the 4% rule as a common rule of thumb in retirement planning to help you avoid running out of money in retirement. But times have changed, and so have retirement plans. However,…
Making Your Retirement Funds Last–Some Tops to Stretch Your Balances
It’s one of the most daunting questions faced by folks approaching their retirement years: How long will my finances hold out? The answer, of course, depends on how along you’ll live and what type of lifestyle you’ll want to have.…
The Importance of a Post-Retirement Strategy
If you’ve retired from the workforce but haven’t filed for Social Security benefits, most financial advisors would advise you to hold off as long as you can (by the way, take a look at our recent post on this issue…