Beyond The 4% Rule: The science of retirement portfolios that last a lifetime

by Abraham Okusanya

Cogent, comprehensive, and entertaining, joins the best yet written in the field!’ - Bill Bengen, the father of the ‘4% rule.’ 'An effervescent contribution to the growing decumulation literature.' - Gregg McClymont, Shadow Pensions Minister (2011-2015) ‘Abraham has done a great job exploring how the retirement research can be applied to UK retirees’ - Michael Kitces MSFS, CFP, Partner at Pinnacle Advisory Group Retirement income planning used to be so simple. Most people never had to worry about how to convert their retirement savings into income for the rest of their lives. Today's low annuity rates, closure of increasing numbers of defined benefit schemes and the Pension Freedoms, introduced by the UK Government in 2015, ripped up the retirement income planning rulebook. The book confronts the challenge of how to secure a sustainable income that lasts a lifetime from your portfolio. It delves into the detail of the various withdrawal strategies, asset allocation and the unavoidable question of how long before you pop your clogs. This book helps retirees and their advisers navigate the treacherous retirement income landscape, using sound empirical evidence and practical application.

Genres: Finance, Nonfiction

228 pages, Paperback

Published March 5, 2018

Reviews

[Andrew]

While very much aimed at Financial Advisors, "Beyond the 4% Rule" is a valuable resource for anyone needing to secure a sustainable income during their retirement. Including a detailed explanation of various strategies with their pros and cons, this book is specific to the United Kingdom.

[Fred Mcbreen]

As someone not too far away from drawing down a retirement pot I found this book enlightening and easy to read. Some technical stuff in there but well presented and summarised. For the layman gives a useful overview of how to make your pension pot last so you are better informed when chatting to or selecting a Financial Advisor.

[Laurence Little]

Excellent even for a non IFA

Could not fault the arguments contained in this well referenced book. Will need to go through again some of the withdrawal strategies in more detail but the overall approach was fairly easily understood even by a lay person. Provided New insights while confirming some of my previously held views, and shooting down others. Recommended to all just about to be retired as well as recently retired. If you have an IFA (I do not now) make sure they have read this book.

[James]

exceedingly helpful

This book is not an introductory text for retirement income planning. It fits nicely after you’ve digested some of the basics and learned about retirement financial planning. But I must say it’s so clearly written that even non financial gurus like myself can learn a great deal. This was the first book I’ve encountered to bring together many of the modern theories and show how they apply to planning your financial draw downs in retirement

[Shane]

The main thing I learned from this book is sequence risk (which is never heard of). The return on your investment in the first 10 years of retirement makes a big impact on the rest of your retirement.

I wish the analysis looked at an even longer retirement like 50 years for those of us working towards early retirement.

[Mark]

Having recently retired and managing my own finances, I found this book helpful and enlightening. Fairly easy to understand for the layman, I would have given it 5 stars, but I feel the graphs, of which there are many, really let it down.

[Rob Sedgwick]

Very informative

I am a few years off retirement and this is the first book I have read about what happens afterwards. It's very informative and a good start to thinking about when to retire and how to manage finances afterwards.

[Dave Harding]

Well researched

This is a dull but important topic! This book uses data and seems to come to results that have some differences to advice from my financial advisor…
…more reading required.

[MISS N C CODLING]

insightful but complicated!

Lots of great research and insights in here but I think I’ll need to read it a second time to digest all of the detail. Quite a tough read if you are a lay person and not a financial advisor

[Shaun Sweeney]

Safety in retirement

Great guidance on how to enjoy a financially secure retirement, an easy to read discussion on asset allocation, and safe withdrawal rates.

[Cláudio Reis]

livro resumido e entrega o que promete

[Kim Watkins]

Lots of theory but interesting. 3*