https://www.marketwatch.com/story/the-inventor-of-the-4-rule-just-changed-it-11603380557?mod=article_inline<snipit>
t’s been more than 25 years since Bill Bengen, a financial adviser in southern California, created the so-called “4% rule.â€
That’s the principle that if you want to make sure your retirement savings last at least as long as you do, you should budget to spend no more than 4% of the balance in the first year—and then just adjust the amount each year in line with inflation.
Bengen called his rule “Safemaxâ€â€”the maximum amount you could withdraw each year and still say “safe.â€
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We all have our own system, mine since starting retirement 6 years ago, has been pretty simple. I basically leave principle in place, and draw all non-annuity interest and dividends out as distributions. Of course that is running more in line with 3-4% of late As I approach 70, I might start indexing it up, to minimize the dreaded RMD pain.
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