Core Insights - The 4% rule is a widely accepted guideline for retirement portfolio management, suggesting that retirees can withdraw 4% of their portfolio annually, adjusted for inflation, to last for 30 years [4][10] - However, the 4% rule may not provide sufficient income for all retirees, prompting the need for alternative strategies to increase withdrawal rates [5][10] Investment Strategies - Aiming for a higher withdrawal rate than 4% is feasible by investing in assets that offer higher growth potential [8][10] - A portfolio with a greater allocation to stocks could support a withdrawal rate of 6%, allowing for a $60,000 annual withdrawal from a $1 million portfolio, compared to $40,000 at a 4% rate [9][10] Risk Management - Retirees seeking higher withdrawal rates should maintain two years' worth of living expenses in cash to mitigate risks associated with market downturns [10]