Fascinating thread on Reddit with the creator of the 4% rule.
https://www.reddit.com/r/financiali..._bill_bengen_and_i_first_proposed_the_4_safe/
There's so much that I loved about this Reddit. First, before this information was common knowledge, how did financial planners prepare the retiree for the future? Also, how Mr Bengen's research, along with the development of the internet/forums, allowed his ideas to blossom that never would have been possible before.
One other point Mr Bengen makes, and this is from his own research, is that "96% of retirees after 30 years have a portfolio still worth at least as much as they started with, in nominal terms".
Highly recommend taking a look at the link. I also enjoyed the other links provided.
Most of all, a huge thank you to Mr Bengen for his research and giving millions comfort in knowing their retirement is secure.
https://www.reddit.com/r/financiali..._bill_bengen_and_i_first_proposed_the_4_safe/
There's so much that I loved about this Reddit. First, before this information was common knowledge, how did financial planners prepare the retiree for the future? Also, how Mr Bengen's research, along with the development of the internet/forums, allowed his ideas to blossom that never would have been possible before.
One other point Mr Bengen makes, and this is from his own research, is that "96% of retirees after 30 years have a portfolio still worth at least as much as they started with, in nominal terms".
Highly recommend taking a look at the link. I also enjoyed the other links provided.
Most of all, a huge thank you to Mr Bengen for his research and giving millions comfort in knowing their retirement is secure.
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