Oct 30, 2023
Chris Boyd and Jeff Perry dig into the subject of the 4% rule of
withdrawing funds from
retirement assets. The 4% rule is a popular retirement withdrawal
strategy that
suggests retirees can withdraw the amount equal to 4% of their
savings during the year
they retire and adjust for inflation or deflation each subsequent
year for 30 years. In an
article recently published in Market Watch (see link below), there
is a discussion whether
it is appropriate to use a 4.7% withdrawal rate in certain
circumstances. Chris and Jeff
debate the various factors and dangers to consider when developing
a withdrawal
strategy, as well as the need for a comprehensive financial
plan.
https://www.marketwatch.com/story/the-4-rule-for-retirement-spending-is-now-the-4-7-
rule-91499af
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