Olivia Mitchell of the Wharton School said retired boomers should reevaluate how much money they can safely withdraw from their savings each year. “It is now widely agreed that the 4% rule is far too risky a withdrawal rate given rising longevity, exploding healthcare costs, and low market returns,” she said. “3% is the new 4%.”

June 1, 2021 ・ From Christian Science Monitor