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      1. Ekonomi och Ledarskap
      2. Företagsekonomi
      3. Redovisning och finansiering
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      Richer Retirement

      Supercharging the 4% Rule to Spend More and Enjoy More

      AvWilliam P. Bengen

      Inbunden, Engelska, 2025

      Del i serien John Wiley & Sons Inc

      230 kr

      Beställningsvara. Skickas inom 5-8 vardagar. Fri frakt över 249 kr.

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      E-bok

      325 kr

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      Beskrivning

      NATIONAL BESTSELLERKnow exactly how much you can safely spend each year after you retire without outliving your nest eggIn A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More, entrepreneur, researcher, and financial planner, William P. Bengen, delivers a straightforward, soup-to-nuts guide for maximizing your withdrawals from your investment accounts during your retirement. The author explains how you can draw heavily on your retirement accounts without spending yourself into premature poverty.This book is a comprehensive roadmap to constructing your personal retirement withdrawal plan. You'll learn how to compute a low-risk maximum withdrawal rate so that you can enjoy your retirement savings to the utmost. You'll also discover guidance on why and how to adjust your withdrawals during retirement to help make sure that your accounts last your entire life.You'll also find: The eight elements of a comprehensive personal retirement withdrawal planTechniques for selecting your withdrawal rate based on the eight elements, inflation, and stock market valuationA template for your withdrawal plan that will help you recognize if you're overspending (or underspending!) and exactly how to address that issuePerfect for well-informed laypeople entering, nearing, or in retirement, A Richer Retirement is a can't-miss retirement playbook for everyone who wants to make the most of their retirement savings without outliving their nest egg. It's also an essential read for financial professionals who serve clients in or close to retirement.

      Produktinformation

      • Utgivningsdatum:2025-07-31
      • Mått:230 x 10 x 150 mm
      • Vikt:177 g
      • Format:Inbunden
      • Språk:Engelska
      • Serie:John Wiley & Sons Inc
      • Antal sidor:272
      • Förlag:John Wiley & Sons Inc
      • ISBN:9781394343171

      Utforska kategorier

      • Finansiering inom Ekonomi och Ledarskap
      • Privatekonomi inom Ekonomi och Ledarskap
      • Pensionering inom Hälsa och familj

      Mer om författaren

      WILLIAM P. BENGEN is a financial researcher and former Certified Financial Planner licensee. He’s an expert in the sustainability of withdrawals from stock and bond portfolios and is frequently quoted in major financial publications. He’s a recipient of the NAPFA’s Robert J. Underwood Distinguished Service Award.

      Innehållsförteckning

      • Introduction xviiAcknowledgments xxiChapter 1 The Problem: Outliving Your Retirement Savings 11.1 Portfolio Longevity, Bear Markets, and Inflation 21.2 My Research Methodology 71.3 Genesis of the “4% Rule” 101.4 Recent Research 121.5 The “Balloon” Analogy 13Chapter 2 The Solution: Introducing “safemax” 152.1 The “Universal SAFEMAX” 152.2 A Brief History of the Universal SAFEMAX 182.3 Over-Use of the Universal SAFEMAX 192.4 “Feeling Lucky” Method for Selecting a Personal SAFEMAX 222.5 SAFEMAX and Stock Valuations: The “Kitces Chart” 242.6 Inflation and SAFEMAX 272.7 How Well Does Our SAFEMAX “Fitted Curve” Agree With History? 36Chapter 3 THE Eight ELEMENTS OF A PERSONAL RETIREMENT Withdrawal Plan 393.1 Element #1: Withdrawal Scheme 403.2 Element #2: Planning Horizon 413.3 Element #3: Taxable Vs. Non-Taxable Portfolios 423.4 Element #4: Leaving a Legacy to Heirs 433.5 Element #5: Asset Allocation 433.6 Element #6: Portfolio Rebalancing Frequency 443.7 Element #7: The Superinvestor: Striving for Above-Market Returns 443.8 Element #8: Withdrawal Timing 453.9 The “Standard Configuration” for the “4.7% Rule” 45Chapter 4 Element #1: Withdrawal Schemes 474.1 “COLA” Withdrawal Scheme 474.2 “Fixed Annuity” Withdrawal Scheme 484.3 “Fixed Percentage” Withdrawal Scheme 544.4 “Front-Loaded” Withdrawal Scheme 654.5 Performance-Based Withdrawal Schemes 684.6 David Blanchett’s Retirement “Smile” 75Chapter 5 Element #2: Planning Horizon 795.1 Life Expectancy and Planning Horizon 795.2 Universal SAFEMAX Vs. Planning Horizon (Standard Configuration) 805.3 SAFEMAX Vs. Planning Horizon (Other Sample Retirees) 825.4 Conclusion 85Chapter 6 Element #3: Taxable Vs. Non-taxable Portfolios 876.1 My Initial Dilemma 886.2 Investment Characteristics 896.3 SAFEMAX and Portfolio Tax Rates 906.4 Which PTR Do I Use for My Portfolio? 93Chapter 7 Element #4: Leaving a Legacy to Your Heirs 957.1 SAFEMAX Vs. Legacy for the Standard Configuration 967.2 SAFEMAX Vs. Real and Nominal Legacy 977.3 SAFEMAX Vs. Legacy for Other Sample Retirees 987.4 Conclusion 101Chapter 8 Element #5: Asset Allocation 1038.1 The Significance of Asset Allocation 1038.2 SAFEMAX Vs. Asset Allocation: A Historical Perspective 1048.3 Which Asset Allocation Is Right for Me? 1108.4 Treasury Bills Vs. US Government Bonds: What’s the Optimum Mix? 1118.5 How Do I Allocate Among Multiple Stock Asset Classes? 1158.6 Even More Asset Classes? 1178.7 Exotica: Alice in Assetland 1188.8 Optimum Asset Allocation Vs. Planning Horizon 1278.9 Varying Equity Allocation During Retirement: Is It Effective? 131Chapter 9 Element #6: Portfolio Rebalancing 1379.1 SAFEMAX Vs. Portfolio Rebalancing Interval 1389.2 Portfolio Rebalancing Vs. Glidepath Investing 1439.3 Rebalancing and Portfolio Returns 144Chapter 10 Element #7: the “superinvestor” – Striving for Above-market Returns 149Chapter 11 Element #8: Timing of Withdrawals 155Chapter 12 Creating and Managing a Personal Retirement Withdrawal Plan (five Case Studies) 15912.1 Withdrawal Plan #1 16012.2 The Current Withdrawal Rate, a Powerful Tool 16212.3 The Synthetic CWR Template 16412.4 Synthetic CWR Template for Retiree #1 16612.5 Managing a Personal Withdrawal Plan 16712.6 Managing Withdrawal Plan #1 (Early Bear Market) 16912.7 Withdrawal Plan #2 17112.8 Managing Withdrawal Plan #2: Unexpected High Inflation 17412.9 Withdrawal Plan #3 18012.10 Managing Withdrawal Plan #3 (Front-Loaded Withdrawal Scheme) 18812.11 Withdrawal Plan #4 19112.12 Managing Withdrawal Plan #4 (Saving the Best for Later) 19312.13 Withdrawal Plan #5 19712.14 Managing Withdrawal Plan #5 (Changing Horses Mid-Stream) 200Chapter 13 Topics of Special Interest 20713.1 Has the 4.7% Rule Already Failed? 20713.2 Required Minimum IRA Distributions and SAFEMAX 21213.3 Should I “Buy-and-Hold”? 21513.4 Annuities 21713.5 When the Shiller CAPE Is “Off the Charts” 21913.6 Is It Science? 22013.7 Should I Wait for a Higher SAFEMAX to Retire? 224Chapter 14 Go Forth and Plan! 229AppendixesAppendix A Books Worth Reading 233Appendix B Articles Worth Reading 235Appendix C Software Worth Using 239About the Author 241Index 243
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