On this episode of The Retirement Plan Playbook, hosts, Brent Pasqua, Matthew Theal, and Joshua Winterswyk of Evermont Wealth, discuss the 4% withdrawal rule, a guideline that helps to craft a sustainable retirement plan. The rule suggests that retirees can withdraw 4% of their portfolio every year during retirement, adjusting for inflation subsequently, and the portfolio should, theoretically, last for 30 years.
However, the participants emphasize the complexity of the rule and the dynamic nature of the planning based on lifestyle, market conditions, taxes, and unforeseen needs. They also debate the rule’s limitations and potential misapplications, presenting a case for a personalized approach to financial management.
00:02 Introduction to the Retirement Plan Playbook
00:55 Discussion on the 4% Withdrawal Rate
01:41 Super Bowl Excitement and Predictions
04:06 Exploring the New Apple Vision Pro
08:53 Netflix's Entry into Live Sports
12:12 Understanding the 4% Rule for Retirement
21:58 The Bowling Alley Analogy: Guardrails in Financial Planning
22:31 The Importance of Flexibility in Retirement Income Planning
26:34 The Challenge of Conservative Investment and Income Approaches
28:09 The Art of Retirement Planning: Individualizing the Approach
30:33 The Impact of Taxes on Retirement Withdrawals
32:01 The Importance of Regular Financial Review and Planning
35:16 Final Thoughts on the 4% Rule and Retirement Planning
Connect with Evermont Wealth:
Ep 23: CARES Act Part 2 - Business Owners
Ep 22: CARES Act Part 1 - Individuals
Ep 21: Retirement Planning Strategies In A Recession
Ep 20:What To Do When The Stock Market Declines
Ep 19: The Impact Of The Coronavirus On The Stock Market
Ep 18: Kobe Bryant & Financial Planning
Ep 17: A Decade Of Financial Planning
Ep 16: How The SECURE Act Will Impact Your Retirement In 2020
Ep 15: Financial Planning 101
Ep 14: The Mailbag Show
Ep 13: 8 Financial To-Do's Before The End Of The Year
Ep 12: DIY Retirement Plan
Ep 11: The Truth About Annuities
Ep 10: Why Business Owners Need To Get A Business Valuation
Ep #9: Should You Move Out Of California When You Retire?
Ep #8: 5 Keys To Being A Successful Investor
Ep #7: 401(k) Or IRA - Which Is Better?
Ep #6: Important Retirement Ages
Ep #5: Love or Hate - Personal Finance Rules of Thumb
Ep #4: Underdog Concepts
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