Conserving Client Portfolios During Retirement

by CFP William P. Bengen

The leading edge of the baby boomer wave will pass through age 68 this year. Retirement looms large for them and the 20-year generation that follows. Although many in the generation have saved to supplement their retirement, they will probably live longer in retirement than any previous generation, so they must grapple with questions about how to manage that money and make it last. The purpose of this book is to present the author's groundbreaking research into this topic, presenting new material as well as an update of the original research in a comprehensive, authoritative form.

Genres: Finance

168 pages, Paperback

First published May 1, 2006

Reviews

[Al Maki · Rating 4 out of 5]

Given the unpredictability of capital markets what level of withdrawal from a fund is safe over the long term? Bergen examines data from 1926 through 2005 to analyze a variety of withdrawal strategies to find a maximum withdrawal rate that would have preserved capital over a thirty year period. It's readable, well thought out. Bergen is "famous" in a relatively small circle for having come up with the "four percent rule". Although that rule is simplistic, the book is not and offers a variety of strategies for different circumstances. A very useful little book.