# Bill Bengen

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What We Learned in 2022

#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age. Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, f…

Ask Paula: How Much Should I Invest vs. Keep in Cash?

#394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash. Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she is…

Ask Paula: Help! My Bills Are Too High

#390: We start this episode with two anonymous callers who have opposite problems: one says her bills are too high, while the other is worried that she’s saving too much. Anonymous (“Izzy”) saves A LOT. She wants to relax about her spending more, and start including more joy into her life. How shou…

How I Discovered The 4 Percent Retirement Rule, with Bill Bengen

#377: Today’s episode is sheer retirement nerd bliss. We talk to the creator of the 4 percent retirement safe withdrawal rule, Bill Bengen. If you’re new to retirement planning, you might not yet grasp the gravity of this. Let’s cut to the chase: the 4 percent rule is one of the most revolutionary,…

Bill Bengen: Retirement Withdrawals and the 4% Rule

Bill Bengen joins Coach Pete to discuss the research behind the 4% rule and the factors that shape retirement withdrawal planning. Their October 2025 conversation explores inflation, market valuations, time horizons, and individual goals. Call 800-661-7383 or text PLAN to 600-700. Transcript Automa…

Wade Pfau: A Safety-First Approach to Retirement

Wade Pfau returns to discuss Safety-First Retirement Planning, income, and preparing for the challenges of retirement. Recorded May 2020. Call 800-661-7383 or text PLAN to 600-700. Transcript Automatically transcribed from this episode; timestamps are approximate. 00:00 Well, folks, this is the tim…

Episode 546: Dual Momentum, Equity Glide Paths, And Here's Johnny From Charlottesville!

In this episode we answer emails from Multi-family Investor, Nathan, and John.  We discuss dual momentum strategies, equity glide paths and the Bengen, Pfau, and Kitces research, letting equity drift higher to reduce rebalancing and transactions, managed futures proxy limits and why commodities are…

Rethinking Retirement and Unretirement

Send us Fan Mail What could retirement make possible in the next chapter of your life? Richard Eisenberg, co-host of the Friends Talk Money podcast and writer of The View From Unretirement column for MarketWatch joined me on the Get Ready Before Life Happens podcast to talk about  about unretireme…

3 Ways CRNAs and NPs Can Spend More in Retirement Than the 4% Rule Allows

The 4% rule traces back to a 1994 study by financial planner Bill Bengen, and the number it produced came from the worst 30-year stretch he tested, a retirement that began in 1966. In this episode, Brett Fellows, CFP®, explains how that origin shapes retirement spending for CRNAs and nurse practiti…

Recession Proof Retirement Plan | 9 to FI 061

Recession-Proof Retirement Planning: Building Spending Flexibility and GuardrailsJosh and Elliot discuss fears about retiring near a market downturn, referencing an April 2025 tariff-driven 20% drop and how quickly it recovered, then review typical recovery times for downturns. Josh shares a one-pa…