Retirees are advised to rethink the traditional 4% withdrawal rule due to economic unpredictability. Vanguard introduces a bucket strategy, dividing assets into short, medium, and long-term categories. Health Savings Accounts and real estate can also be utilized for specialized needs. This approach aims to create a personalized financial gradient based on individual requirements.

Additionally, a dynamic spending plan challenges the 4% rule by setting budgets based on real returns and inflation. This strategy adapts to market fluctuations and personal circumstances in real-time. While it reduces the risk of running out of money, annual effort and assessment are required. Utilizing financial advisors or online tools can aid in implementing this strategy successfully.

Read more at Yahoo Finance: How it can max your cash while protecting your nest egg