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cover of episode 4% Rule Creator Bill Bengen Reveals His NEW 5% Retirement Strategy

4% Rule Creator Bill Bengen Reveals His NEW 5% Retirement Strategy

2025/6/6
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BiggerPockets Money Podcast
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Bill Bengen
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Mindy Jensen
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Scott Trench
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Bill Bengen: 我在1994年发表了关于4%规则的研究，旨在寻找历史上最不幸的退休者，他们面临恶劣的市场环境和高通货膨胀，被迫以最低的提款额度退休。最初的研究只考虑了美国大公司股票和五年期美国政府债券两种投资，得出的安全提款率为4.15%。随着研究的深入，我增加了投资组合的多样性，包括国际股票、小盘股等，并将提款率更新为4.7%。重要的是要理解，这个4.7%是历史上的最坏情况，大多数退休者都可以提取更高的比例。我的研究表明，理想的股票配置比例在45%到70%之间，过度激进或保守的配置都会降低提款率。通过稍微倾向于美国小盘股和微盘股，可以在不增加额外风险的情况下提高提款率。

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Chapters
Bill Bengen, creator of the 4% rule, revisits his research and proposes a new 4.7% withdrawal rate for retirement. This update considers a more diversified portfolio with seven investments, including international stocks and small-cap stocks, leading to higher returns and a more conservative approach.
  • Updated withdrawal rate from 4% to 4.7%
  • More diversified portfolio with seven investments
  • Higher returns due to diversification
  • Focus on ultra-conservative approach
  • Portfolio allocation: 55% stocks, 40% bonds, 5% treasury bills

Shownotes Transcript

The 4% rule just got a major update! Bill Bengen, the creator of the famous 4% withdrawal rule, returns to share his latest research that's changing retirement planning forever. Welcome back to the BiggerPockets Money podcast! Discover why he's now recommending a 4.7% withdrawal rate and what this means for YOUR retirement strategy.

In this episode, you'll learn:

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Why Bill Bengen updated his iconic 4% rule after decades of research

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The psychology behind why retirees struggle to actually spend their money

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How market conditions should influence your withdrawal strategy

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The role real estate plays in a well-diversified retirement portfolio

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Active vs. passive management strategies for retirees

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How younger retirees should approach their investment timeline differently

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Why protecting your principal matters more than maximizing returns

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The importance of controlling expenses and finding purpose beyond money

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And SO Much More!

Whether you're planning for retirement or already retired, this conversation will reshape how you think about withdrawal rates, portfolio management, and creating a sustainable financial future.

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