Valuation Matters When Choosing a Safe Withdrawal Rate
Research indicates that investors retiring when stocks look cheap can safely take out a larger percentage of their portfolios annually, according to Pinnacle Advisory's Michael Kitces.
Christine Benz: Hi, I'm Christine Benz for Morningstar. How to set a safe withdrawal rate is a hot topic among retirees. Here to discuss that topic with me today is Michael Kitces. Michael is director of research for Pinnacle Advisory Group. He is also a publisher of the Kitces Report, and he is done a lot of research in the area of withdrawal rates. Michael, thanks so much for joining me.
Michael Kitces: Thanks, Christine. Great to be here.