Episode 92, Safe Spending in Retirement: Bill Bengen on the 4.7% Rule of Thumb
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Coming up on the 92nd Bogleheads on Investing podcast. If you get much higher than 65% and you encounter a bad bear market or in retirement, a very high stock allocation will just devastate your portfolio. How much can you spend safely in retirement without running out of money? Hi folks, I'm John Leskin, board member for the John C. Bogle Center for Financial Literacy.
Today on the 92nd Bogleheads on Investing podcast, We're joined by Bill Bangin, creator of the 4% rule, to talk about what's changed and how his new book, A Richer Retirement, shows how you can spend even more money. We'll cover practical strategies like inflation adjustments and spending flexibility. And if you're listening on audio, this is a great episode to watch on YouTube. We'll be showing the relevant charts from Bill's book as we discuss his findings and we've even created our own visuals just for this episode to help better communicate the concepts discussed.
And now on to the show. So let's kick it off with what safe spending looks like today. We have a couple questions from Booklet's Reddit. Usernames ham zahek and vast glittering. They ask, what should we be thinking about with respect to how much we can spend today, given today's market volatility and inflation rates?
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