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:
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Ep 39: Investment Lessons From 2020
Ep 38: Retirement In 2021
Ep 37: Election Wrap Up
Ep 36: Election FAQs
Ep 35: The Different Types Of Financial Advisors
Ep 34: Creating Your Estate Plan
Ep 33: The Post Pandemic Housing Market
Ep 32: Will The Stock Market Crash Before The Election?
Ep 31: Retirement Trends Over The Next 10 Years
Ep 30: 8 Ways To Sell Your Business
Ep 29: Is It Time For A New Financial Advisor?
Ep 28: Exit Planning
Ep 27: Do You Need Bonds in Your Retirement Portfolio?
Ep 26: Should You Be Wary Of Some Of Dave Ramsey’s Advice?
Ep 25: Recession Strategies For Your Retirement Account
Ep 24: The Long-Term Impact of COVID-19
Ep 23: CARES Act Part 2 - Business Owners
Ep 22: CARES Act Part 1 - Individuals
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