Retirement
The 4 per cent withdrawal rate in retirement is an industry standard, where a retiree can expect not to run out of money. Its creator, Bill Bengen,...
is head of planning strategy at Buckingham Wealth Partners.
Michael Kitces is Head of Planning Strategy at Buckingham Wealth Partners, a wealth management services provider supporting thousands of independent financial advisors.
In addition, he is a co-founder of the XY Planning Network, AdvicePay, fpPathfinder, and New Planner Recruiting, the former Practitioner Editor of the Journal of Financial Planning, the host of the Financial Advisor Success podcast, and the publisher of Nerd’s Eye View through his website Kitces.com, dedicated to advancing knowledge in financial planning. In 2010, Michael was recognised with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession. This extract is reproduced with permission.