William P. Bengen, known for the “4% rule” in retirement planning, introduces his new book “A Richer Retirement,” reassuring retirees with data-driven strategies for financial security. Bengen emphasizes the importance of proper investing and spending plans to ensure a lasting nest egg. He advocates for retirees to maximize their wealth by not being overly conservative in spending. Diversification and a more sophisticated portfolio have allowed Bengen to increase the safe withdrawal rate, offering retirees more flexibility. In uncertain economic environments, Bengen advises on strategies to navigate challenges like bear markets and inflation, aiming to enhance retirees’ withdrawal rates. Additionally, he shares four free lunches that can boost withdrawal rates without added risk. Ultimately, Bengen suggests a personalized approach to retirement planning, recommending a withdrawal rate around 5.25% to 5.5% for today’s retirees.

Read more at Yahoo Finance: Creator of the ‘4% rule’ for retirement withdrawals has fresh advice for today’s retirees