The 4% rule is now the 4.7% rule, creator says — but here’s what you need to consider before splashing out

It seems the 4% rule is now the 4.7% rule. Three decades after financial planner William Bengen came up with a simple yet elegant solution to help clients balance their retirement spending, the creator of the 4% rule has updated this widely suggested practice for modern times. Must Read “The primary reason for the change is that my research has gotten more sophisticated,” he told USA Today [1] in an article published Sept. 1. Bengen was originally looking for a way to explain how much a person could sp ...