Being wealthy doesn't mean having all the money in the world, just not having to worry about it.

How Much Can You Safely Withdraw from Your Portfolio Each Year in Retirement?

For around 20 years, financial advisers and academics have been actively wrestling with the question of the safe withdrawal rate from a portfolio. The seminal article in the field is by William Bengen, entitled “Determining Withdrawal Rates Using Historical Data.” It was published by the Journal of Financial Planning in October 1994 and later chosen Read more »