Father of 4% Rule Says It Was Really More of a Guideline

October 21, 2020 by Ginger Szala

Michael Kitces, blogger and head of planning strategy at Buckingham Wealth Strategies, recently interviewed Bill Bengen, the “father” of the 4% rule, the “safe” withdrawal rate for retirement savings.

In the discussion, the retired advisor said he actually used 4.5% instead for his clients. In fact, with inflation as low as it is today, he told Kitces the safe withdrawal rate may be closer to 5%.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on October 19, 2020 by Ginger Szala.