Finding the Right Retirement Withdrawal Strategy
Retirees may benefit more from a 'guardrails' or 'ratcheting-up' approach versus the strict 4% rule, says financial-planning expert Michael Kitces.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Many retirees have gotten the message that they should make their withdrawal rate sensitive to their portfolio's fluctuations. But how specifically should they do it? Joining me to discuss that topic is financial-planning expert Michael Kitces.
Michael, thank you so much for being here.