Jan 28, 2022
The so-called “4% Rule” for annual retirement withdrawals has been around since the mid-1990s. But Morningstar’s Christine Benz believes that number has been misunderstood. With inflation rearing its ugly head, Benz now feels the safe withdrawal rate should be 3.3%. Should retirees who are taking out more panic? How do you help them come up with the ideal number?