New Math for Retirees and the 4% Withdrawal Rule
Wade D. Pfau
More than two decades ago, Bill Bengen, then a financial planner in Southern California, said he had several anxious clients with the same question: How much can I spend in retirement without running out of money?
Being relatively new to the profession, he dived back into his finance textbooks for answers, but said he couldn’t find any guidelines rooted in facts.
Siegel Bernard, Tara, "New Math for Retirees and the 4% Withdrawal Rule" (2015). In the News. 420.