Stop 'Dollar-Cost Ravaging' Your Portfolio in Retirement

Your Retirement Paycheck: the 4% retirement withdrawal rate and realistic alternatives

Writing for Kiplinger's Jason Lambert explains why retirees need to shift from the old 4% withdrawal guideline to focus on income generation.
Researchers and thoughtful advisors understand that the 4% withdrawal rate guideline makes too many assumptions based on historic returns that don’t  translate to lower stock and bond returns in current (and future) market.

Lambert explains the 4%"rule" and why it is no longer an appropriate guide to retirement withdrawals.

"Accumulation gets all the glory in retirement planning, but it’s a thoughtful decumulation process that will make your retirement a true success." 

Lambert advocates a significant mindset shift, from “How much return do I hope to get from my portfolio?” to “How much reliable income can I count on?”

https://www.kiplinger.com/article/retirement/T037-C032-S014-stop-dollar-cost-ravaging-your-retirement-savings.html