Jan 30, 2023
The guy who invented the concept of the “4% percent” rule thinks it’s too early to cut the withdrawal rate to 3% because of today’s volatile markets. Bill Bengen feels it would take a “catastrophic” set of circumstances before people reduce their withdrawal rate. Hear Steve's strategy about how much to take from retirement accounts during this economy and how he can help you protect and grow your income despite current market climate.
An article in the Wall Street Journal talked about now being a great time to do a conversion to an after-tax Roth IRA. The reason is the value of assets are down in a bear market. And so are the taxes on a Roth IRA, opening the door for further growth and tax-free withdrawals. But is this for everyone?