John Rekenthaler and Amy Arnott: What’s a Safe Retirement Spending Rate Today?

<p>Hi, and welcome to <i>The Long View</i>. I’m Christine Benz, director of personal finance and retirement planning for Morningstar. Our guests on the podcast today are Amy Arnott and John Rekenthaler. Amy and John are two of the co-authors, along with me, of some recently released Morningstar research on retirement spending rates. The paper is called <i>The State of Retirement Income</i>, and it’s an update on some research that we published in 2021 and 2022. Amy and John are both long-tenured Morningstar researchers and part of Morningstar Research Services LLC, which is a wholly owned subsidiary of Morningstar. Amy is a portfolio strategist and John is director of research for that group. They’re both contributors to <a href="http://www.morningstar.com/" target="_blank">Morningstar.com</a> as well.</p><p>Background</p><p>“<a href="https://www.morningstar.com/lp/the-state-of-retirement-income">The State of Retirement Income 2023</a>,” by Amy Arnott, John Rekenthaler, and Christine Benz, <a href="http://www.morningstar.com/">Morningstar.com</a>, November 2023.</p><p>“<a href="https://www.morningstar.com/personal-finance/christine-benz-john-rekenthaler-how-much-can-you-safely-spend-retirement">Christine Benz and John Rekenthaler: How Much Can You Safely Spend in Retirement?</a>” <i>The Long View</i> podcast, <a href="http://www.morningstar.com/">Morningstar.com</a>, Dec. 21, 2021.</p><p>“<a href="https://www.morningstar.com/retirement/christine-benz-john-rekenthaler-revisiting-what-is-safe-retirement-spending-rate-after-tough-year">Christine Benz and John Rekenthaler: Revisiting What Is a Safe Retirement Spending Rate After a Tough Year</a>,” <i>The Long View</i> podcast, <a href="http://www.morningstar.com/">Morningstar.com</a>, Dec. 20, 2022.</p><p>“<a href="https://www.morningstar.com/lp/the-state-of-retirement-income">The State of Retirement Income</a>,” by Christine Benz, Jeff Ptak, and John Rekenthaler, <a href="http://www.morningstar.com/">Morningstar.com</a>, 2022.</p><p>“<a href="https://www.morningstar