He invented the 4% rule of retirement income — why he calls inflation retirees' 'greatest enemy'
- Posted on September 3, 2025
- By CNBC
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He invented the 4% rule of retirement income — why he calls inflation retirees' 'greatest enemy'

As a financial planner in the early 90s, William Bengen sought to identify a safe retirement withdrawal rate for his clients. The 4% rule was born.