Hey everybody—today at noon eastern there’s a HUGE event for the early retirement and financial independence movement. Attendance is a MUST.
Remember William Bengen? The guy who in 1994 invented/discovered/first proposed the 4% rule and coined the term “safe withdrawal rate?” Today he’s doing an “ask me anything,” or AMA, in Reddit’s financial independence forum.
An AMA, if you’re not familiar, is a collective interview where the audience puts questions to a celebrity, somebody who’s in the news, a panel of scientific experts, etc. Audience members vote on the questions such that the most popular ones rise to the top of the list, then usually the interview subject will start at the top and work downwards.
I expect questions for Bengen will include ones like, “Interest rates were a lot higher when you did your 1994 study. So in a near-zero rate environment do you still think a having a bond component in your portfolio is a good thing?
To get the most out of this session I recommend you at least glance through Bengen’s original study, “Determining Withdrawal Rates Using Historical Data,” or read it in its entirety. After the AMA I’ll post a few of what I think are the most important questions and answers, and give my take on them.
See you there!