How Much To Save for Retirement?
Saving for retirement. Sounds fairly simple, right? Earn a bunch of money. Stick it in accounts earmarked “Retirement” and you’re done! Actually, this isn’t far from the truth. It really is simple. Let’s see how. Working Your Way Backwards In the previous post on this series, we learned how to figure out how much you […]
Safe Withdrawal Rate: The Trinity Study
In the previous post, we read about Bengen’s 1994 study which first brought about the concept of a Safe Withdrawal Rate to ensure one’s portfolio outlasts oneself in retirement. Close on the heels of Bengen’s publication, came another one: “Retirement Savings: Choosing a Withdrawal Rate That Is Sustainable”, nicknamed the Trinity Study- since the three authors […]