Why the "5% Rule" is Replacing the "4% Rule" | Bill Bengen

Bill Bengen, Author of A Richer Retirement, shares how his "4% rule" was created and why a "5% rule" makes more sense today. A Richer Retirement (Book): https://amzn.to/4l6w6qd (affiliate)

CHAPTERS

00:00 – What Is the 4% Rule?
01:40 – The Origins of the Rule and Its Rise to Fame
03:00 – How Retirement Research Has Evolved
03:45 – From 4% to 5%: New Portfolio Strategies
05:10 – Most Retirees Could Withdraw More
06:00 – Are We Over-Saving for Retirement?
07:00 – Saving 20x Your Income May Be Enough
08:00 – Why 5% Might Be the New Safe Rate
09:00 – Take the Pressure Off and Enjoy Life

#BillBengen #RetirementPlanning #Retirement #FamilyFinance #personalfinance

GUEST BIO - Bill Bengen

William P. Bengen received a B.S. from M.I.T. in Aeronautics & Astronautics and a M.S. from the College for Financial Planning. He has had four careers: trained as an aerospace engineer, CEO of his family’s soft drink bottling business (NY), fee-only financial planning practitioner (CA), and currently a financial researcher and aspiring novelist (AZ).

He is a former CFP® licensee. In the early 1990’s, in response to client questions, Mr. Bengen began research on the sustainability of withdrawals from stock and bond portfolios, which gave rise to the so-called “4% Rule.” He is frequently quoted in major financial publications and appears regularly on financial industry podcasts.

In 2014 he received NAPFA’s Robert J. Underwood Distinguished Service Award and in 2017 the InvestmentNews Innovators Award. In 2023, he was awarded the Inside Information Iconoclast Award. He currently lives in SaddleBrooke, AZ, where he is working on a new book about the “4% Rule.”

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