| Evan Inglis, a fellow of the Society of Actuaries, and senior vice president in the Institutional Solutions group at Nuveen Asset Management, based in Chicago, says a 3% spending rule, rather than the traditional 4% rule, recognizes the lower level of returns we are likely to experience in coming years due to low interest rates and other factors such as demographic trends. However, after advising different people and thinking about his own retirement, Inglis tells PLANSPONSOR he realized that as people got older, the ability to spend without worrying about depleting savings increases. So, in an essay written for the Society of Actuaries, he puts forth the “feel-free” spending rule.Read more > |
