The Father of the 4% Rule Says Retirees Can Withdraw Much More

Robert Brokamp interviews William Bengen, the financial planner behind the 4% safe withdrawal rate rule. They discuss Bengen's new book, "Why Most Retirees Can Withdraw More Than 4%," exploring how factors like market valuation and inflation impact safe withdrawal rates. Bengen shares his background, the evolution of his research, and the factors that influence withdrawal rates, including stock market valuations, inflation, and the importance of the first decade of retirement. He also provides insights into asset allocation, portfolio management, and rebalancing strategies, and offers advice for retirees based on his own experiences.