4% Rule with Wade Pfau
from Planning Made Simple Hosted by Planning Made Simple, created by Paul Durso
One of the most common questions we hear is, "How much can I spend in retirement?" I’m guessing, but I bet at one time, you were probably taught that if you just got your nest egg big enough, you could safely withdraw 8% per year and have a safe and comfortable retirement for the rest of your life without the fear of running out of money. Then someone changed that to 6% - then 4%. And along comes this Ph.D. Professor of Retirement Income saying 4% is probably too high! What’s the right withdrawal rate? IS there a “right” number? Well, today we will be talking with Professor Wade Pfau, the guy whose research is sending ripples through the world of personal finance. You’ll hear first-hand what he has to say as we look at his newest book aptly titled, "How much can I spend in retirement?"
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