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How Do Flexible Retirement Withdrawals Work in Practice?
Morningstar Link to more items from this source
July 27, 2020

"[T]he idea that retirees would have the ability to have some small amount of flexibility in their spending is actually something that lines up with people's real-life experiences.... If you say, OK, I'm willing to have some flexibility and I'm going to start at a 5% withdrawal, which is 25% more money, that makes a real difference.... [Y]our withdrawal percentage ... is something that you can measure every single day.... So, if that 5% withdrawal rate gets 20% higher, which would be 6%, ... that's the guardrail and you say, I'm going to take that $50,000 down by 10% ... to $45,000. And that's all you need to do for a year."

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