The 4% Retirement Rule is Wrong: The Lifestyle Rule Rules

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9781492218968: The 4% Retirement Rule is Wrong: The Lifestyle Rule Rules
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How can you spend 4% of your nest egg when you earn 2%?

  • Advisors' 4% rule is NOT a "safe withdrawal" amount. 
  • Advisors' expensive deferred annuities don't work. 
  • Annuity guarantees are just not worth the price. 
  • Fixed income returns are volatile--compare alternatives. 
  • Create a Tax-FREE inflation-proof account for growth. 
 In 1994, Bill Bengen's 4% solution to the 30-year retirement income problem was the perfect answer to a client's question: "How much can I withdraw from my investments so I don't run out of money during retirement?"                 4% was the quick answer for simplistic advisor plans. It saved advisors from developing a plan that matched our "lifestyle," given the unpredictability of the market. All our advisor had to do was buy 10-year Treasuries, which were yielding 8%.              The 4% retirement income rule was wrong.          Now academics say that advisors can't use the 4% rule anymore--Now it's 2.5%. Obviously, neither of them are actually living on retirement income of 2.5% of their pensions. Talk is cheap. They fail to mention that we will need a retirement fund 50% GREATER for the same income amount.              Also, Bengen did not know that our current Social Security benefits will end in 2033. He did not know that our income taxes will increase to pay off two wars, two tax cuts and two bank bailouts. He did not know that people will be retiring early and probably live into their 90's. He did not know that, starting in 1997, people could compound earnings in a tax-FREE account.                Today you can make sure you are protected by creating a guaranteed inflation-proof income stream of low-cost annuities to exactly match your needs. You need to enter the last 30+ years of your life knowing how you are going to obtain income. You need a realistic and flexible plan. Two-thirds of pre-retirees don't have a clue. Financial advisors favor high-cost products. You need less-biased information to find the best alternative for you.                         Let's look at the alternatives.

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About the Author:

Dan Keppel has been helping people find financial services that fit their lifestyles since working in a securities firm, an insurer, two banks and his own "money coach" service. His book, The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year, shows you how, what and where to buy financial products like industry insiders do--directly from the highest rated companies for less. He edits TheInsidersGuides.com and was an adjunct at a local college. He lives in Montclair, NJ with his wife, daughter and two cats, Anu and Katze.

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Book Description Createspace, United States, 2013. Paperback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****. How can you spend 4 of your nest egg when you earn 2 ? Advisors 4 rule is NOT a safe withdrawal amount. Advisors expensive deferred annuities don t work. Annuity guarantees are just not worth the price. Fixed income returns are volatile-compare alternatives. Create a Tax-FREE inflation-proof account for growth. In 1994, Bill Bengen s 4 solution to the 30-year retirement income problem was the perfect answer to a client s question: How much can I withdraw from my investments so I don t run out of money during retirement? 4 was the quick answer for simplistic advisor plans. It saved advisors from developing a plan that matched our lifestyle, given the unpredictability of the market. All our advisor had to do was buy 10-year Treasuries, which were yielding 8 . The 4 retirement income rule was wrong. Now academics say that advisors can t use the 4 rule anymore-Now it s 2.5 . Obviously, neither of them are actually living on retirement income of 2.5 of their pensions. Talk is cheap. They fail to mention that we will need a retirement fund 50 GREATER for the same income amount. Also, Bengen did not know that our current Social Security benefits will end in 2033. He did not know that our income taxes will increase to pay off two wars, two tax cuts and two bank bailouts. He did not know that people will be retiring early and probably live into their 90 s. He did not know that, starting in 1997, people could compound earnings in a tax-FREE account. Today you can make sure you are protected by creating a guaranteed inflation-proof income stream of low-cost annuities to exactly match your needs. You need to enter the last 30+ years of your life knowing how you are going to obtain income. You need a realistic and flexible plan. Two-thirds of pre-retirees don t have a clue. Financial advisors favor high-cost products. You need less-biased information to find the best alternative for you. Let s look at the alternatives. Seller Inventory # APC9781492218968

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Book Description Createspace, United States, 2013. Paperback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****.How can you spend 4 of your nest egg when you earn 2 ? Advisors 4 rule is NOT a safe withdrawal amount. Advisors expensive deferred annuities don t work. Annuity guarantees are just not worth the price. Fixed income returns are volatile-compare alternatives. Create a Tax-FREE inflation-proof account for growth. In 1994, Bill Bengen s 4 solution to the 30-year retirement income problem was the perfect answer to a client s question: How much can I withdraw from my investments so I don t run out of money during retirement? 4 was the quick answer for simplistic advisor plans. It saved advisors from developing a plan that matched our lifestyle, given the unpredictability of the market. All our advisor had to do was buy 10-year Treasuries, which were yielding 8 . The 4 retirement income rule was wrong. Now academics say that advisors can t use the 4 rule anymore-Now it s 2.5 . Obviously, neither of them are actually living on retirement income of 2.5 of their pensions. Talk is cheap. They fail to mention that we will need a retirement fund 50 GREATER for the same income amount. Also, Bengen did not know that our current Social Security benefits will end in 2033. He did not know that our income taxes will increase to pay off two wars, two tax cuts and two bank bailouts. He did not know that people will be retiring early and probably live into their 90 s. He did not know that, starting in 1997, people could compound earnings in a tax-FREE account. Today you can make sure you are protected by creating a guaranteed inflation-proof income stream of low-cost annuities to exactly match your needs. You need to enter the last 30+ years of your life knowing how you are going to obtain income. You need a realistic and flexible plan. Two-thirds of pre-retirees don t have a clue. Financial advisors favor high-cost products. You need less-biased information to find the best alternative for you. Let s look at the alternatives. Seller Inventory # APC9781492218968

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Book Description Createspace. Paperback. Condition: New. This item is printed on demand. 270 pages. How can you spend 4 of your nest egg when you earn 2Advisors 4 rule is NOT a safe withdrawal amount. Advisors expensive deferred annuities dont work. Annuity guarantees are just not worth the price. Fixed income returns are volatile--compare alternatives. Create a Tax-FREE inflation-proof account for growth. In 1994, Bill Bengens 4 solution to the 30-year retirement income problem was the perfect answer to a clients question: How much can I withdraw from my investments so I dont run out of money during retirement 4 was the quick answer for simplistic advisor plans. It saved advisors from developing a plan that matched our lifestyle, given the unpredictability of the market. All our advisor had to do was buy 10-year Treasuries, which were yielding 8. The 4 retirement income rule was wrong. Now academics say that advisors cant use the 4 rule anymore--Now its 2. 5. Obviously, neither of them are actually living on retirement income of 2. 5 of their pensions. Talk is cheap. They fail to mention that we will need a retirement fund 50 GREATER for the same income amount. Also, Bengen did not know that our current Social Security benefits will end in 2033. He did not know that our income taxes will increase to pay off two wars, two tax cuts and two bank bailouts. He did not know that people will be retiring early and probably live into their 90s. He did not know that, starting in 1997, people could compound earnings in a tax-FREE account. Today you can make sure you are protected by creating a guaranteed inflation-proof income stream of low-cost annuities to exactly match your needs. You need to enter the last 30 years of your life knowing how you are going to obtain income. You need a realistic and flexible plan. Two-thirds of pre-retirees dont have a clue. Financial advisors favor high-cost products. You need less-biased information to find the best alternative for you. Lets look at the alternatives. This item ships from La Vergne,TN. Paperback. Seller Inventory # 9781492218968

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