April 23, 2012

Seattle Times - Scott Burns: How much will you leave on the table?

How would you like to double your retirement spending?

Well, Michael Finke is working on just that.

He thinks we may be able to live better in retirement than most professionals have thought for nearly two decades.

The Texas Tech University associate professor, along with two other researchers, Wade Pfau and Duncan Williams, has examined William Bengen’s well-known 4 percent safe-spending rule and found that some retirees, perhaps many, can spend a lot higher on the hog.