A Richer Retirement

William P. Bengen 지음

Wiley 2025년 07월 30일 출간

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Know exactly how much you can safely spend each year after you retire without outliving your nest egg In 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 plan Techniques for selecting your withdrawal rate based on the eight elements, inflation, and stock market valuation A template for your withdrawal plan that will help you recognize if you're overspending (or underspending!) and exactly how to address that issue Perfect 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.

목차

Introduction xvii Acknowledgments xxi Chapter 1 The Problem: Outliving Your Retirement Savings 1 1.1 Portfolio Longevity, Bear Markets, and Inflation 2 1.2 My Research Methodology 7 1.3 Genesis of the “4% Rule” 10 1.4 Recent Research 12 1.5 The “Balloon” Analogy 13 Chapter 2 The Solution: Introducing “safemax” 15 2.1 The “Universal SAFEMAX” 15 2.2 A Brief History of the Universal SAFEMAX 18 2.3 Over-Use of the Universal SAFEMAX 19 2.4 “Feeling Lucky” Method for Selecting a Personal SAFEMAX 22 2.5 SAFEMAX and Stock Valuations: The “Kitces Chart” 24 2.6 Inflation and SAFEMAX 27 2.7 How Well Does Our SAFEMAX “Fitted Curve” Agree With History? 36 Chapter 3 THE Eight ELEMENTS OF A PERSONAL RETIREMENT Withdrawal Plan 39 3.1 Element #1: Withdrawal Scheme 40 3.2 Element #2: Planning Horizon 41 3.3 Element #3: Taxable Vs. Non-Taxable Portfolios 42 3.4 Element #4: Leaving a Legacy to Heirs 43 3.5 Element #5: Asset Allocation 43 3.6 Element #6: Portfolio Rebalancing Frequency 44 3.7 Element #7: The Superinvestor: Striving for Above-Market Returns 44 3.8 Element #8: Withdrawal Timing 45 3.9 The “Standard Configuration” for the “4.7% Rule” 45 Chapter 4 Element #1: Withdrawal Schemes 47 4.1 “COLA” Withdrawal Scheme 47 4.2 “Fixed Annuity” Withdrawal Scheme 48 4.3 “Fixed Percentage” Withdrawal Scheme 54 4.4 “Front-Loaded” Withdrawal Scheme 65 4.5 Performance-Based Withdrawal Schemes 68 4.6 David Blanchett’s Retirement “Smile” 75 Chapter 5 Element #2: Planning Horizon 79 5.1 Life Expectancy and Planning Horizon 79 5.2 Universal SAFEMAX Vs. Planning Horizon (Standard Configuration) 80 5.3 SAFEMAX Vs. Planning Horizon (Other Sample Retirees) 82 5.4 Conclusion 85 Chapter 6 Element #3:

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저자(글) William P. Bengen