{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Suze Orman Says 3%, Bill Bengen Says 4.7%--Who\u2019s Right on Sustainable Withdrawal Rates?","description":"David McKnight compares the approach of some of the biggest names in personal finance: Suze Orman, and William \u201cBill\u201d Bengen (the man who invented the 4% Rule). In a recent interview covered by MSN, Suze Orman declared flat out that the 4% Rule is dead since markets are volatile, interest rates fluctuate, and people are living longer. David shares the \u201corigin story\u201d of how the 4% Rule came to be \u2013 and its creator Bill Bengen. Interviewed by MSN, Bengen updated his research and concluded that, based on current data, a 4.7% withdrawal rate is now sustainable. David compares Orman\u2019s views on the 4% Rule with those of Bengen. As explained by David, when you purchase a guaranteed lifetime income annuity, you\u2019re transferring a portion of your retirement savings to an insurance company in exchange for a guaranteed paycheck for life. Remember: not all annuities are created equal \u2013 that\u2019s why you need to understand fees, credit ratings, inflation writers and surrender periods.     Mentioned in this episode: David\u2019s new book, available now for pre-order: The Secret Order of Millionaires David\u2019s national bestselling book: The Guru Gap: How America\u2019s Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com Suze Orman William Bengen ","author_name":"The Power Of Zero Show","author_url":"http:\/\/davidmcknight.com\/","html":"