Retirement Is Now Easier - Bye 4% Rule, Hello 5% Rule | Bill Bengen

Can you really retire comfortably with a 5% withdrawal rate? Financial researcher and author Bill Bengen—the creator of the legendary 4% rule—joins us to share why his latest research shows that 5% is the new 4%. In this interview, Bill explains how his thinking has evolved, what today’s retirees should know, and how you can plan smarter for a fulfilling, financially free retirement. RESOURCES: Sponsors + Partners + Deals A Richer Retirement (book): https://amzn.to/4iWzaVJ (affiliate) CHAPTERS 00:00 – Intro – Bill Bengen 01:53 – What is the 4% rule? 04:01 – The rise of the 4% rule 05:17 – Evolving to the 5% rule 06:59 – Over-saving and regret 08:45 – Advice for young savers 10:31 – Thoughts on the 8% rule 12:34 – Portfolio allocation in retirement 13:55 – Downsides of 3% withdrawal rate 14:28 – Bill's personal withdrawal strategy 15:55 – Natural increase in withdrawal rate 17:38 – How to take your foot off the gas 19:16 – Long-term investing advice 20:35 – New book details 22:22 – Andy’s 3 takeaways from the conversation 26:52 – Credits and closing quote MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Groves Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Marriage Kids and Money Podcast will strengthen your family tree and help you live financially free. We work to help you build the life of your dreams!  Each week, award-winning Family Finance Coach Andy Hill shares wealth-building tips that help parents and couples to design their ideal lifestyle. Learn how to get on track with your finances, work toward financial freedom, and even build generational wealth.  Knowing community makes for a happier future, Andy interviews millionaire parents, couples who have reached financial independence, or other money pros so listeners get a well-rounded perspective.  With over 400 episodes and counting, you are sure to find an episode to help you. Show topics include strategies on becoming debt free, how to invest simply, setting your kids up for success, and living more generously.  Don’t just take our word for it! Marriage Kids and Money has been hailed as a top podcast by US News and World Report.  Join the family wealth-building conversation by listening to our top-rated personal finance podcast today!