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Podcast: Excess Returns
Episode: A Safety First Approach to Retirement Planning and the Problems with the 4% Rule with Wade Pfau
Description: The 4% rule has become one of the cornerstones of retirement planning. And in many ways that makes sense because investors who have spent 4% of their portfolio annually have historically had a very high chance of making their money last. But with expected returns on both stocks and bonds at historical lows, the 4% rule may not work as well in the future as it has in the past.Â
This week, we explore this concept and look at a different approach to retirement planning with Dr. Wade Pfau, who is a Professor of Retirement Income at the American College a...