Is 3.3% the New 4.0%?
Recent Morningstar research shows that the 4% standard for in-retirement withdrawals may be a bit too aggressive.
Susan Dziubinski: Hi, I'm Susan Dziubinski with Morningstar. The 4% guideline has been used as a baseline for setting in-retirement withdrawal amounts. But is it too aggressive? Joining me today to discuss some new research on the topic is Christine Benz. Christine is director of personal finance and retirement planning for Morningstar.
Hi, Christine. Nice to see you today.