22 September 2020
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Mikulskis: Old rules about ‘sustainable’ withdrawal rates are now dangerously unsustainable
The 4% rule of thumb often used to define a sustainable approach for drawdown in retirement is no longer fit for purpose due to prevailing and sustained market conditions, according to Lane Clark & Peacock (LCP).
The "nastiest, hardest problem in finance" has become even tougher in a world of zero - or negative - real interest rates and quantitative easing (QE), the consultancy said, while the two-decade-old 4%...
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