Shows
Retirement Starts TodayThe Father of the 4% Rule - an Interview with Bill BengenIf you've been anywhere close to a retirement podcast over the last 10-20 years, you've heard of the 4% rule. And like many people, you might have questions about it. We're going to hear about it directly from the horse's mouth as we talk to Bill Bengen, who first articulated the 4% withdrawal rate as a rule of thumb for withdrawal rates from retirement accounts. The 4% rule is not a rigid rule but a guideline. Its application requires careful consideration of individual factors, including health, life expectancy, and specific financial circumstances. Bengen encourages retirees to tailor their...2025-06-1621 min
BiggerPockets Money Podcast4% Rule Creator Bill Bengen Reveals His NEW 5% Retirement StrategyThe 4% rule just got a major update! Bill Bengen, the creator of the famous 4% withdrawal rule, returns to share his latest research that's changing retirement planning forever. Welcome back to the BiggerPockets Money podcast! Discover why he's now recommending a 4.7% withdrawal rate and what this means for YOUR retirement strategy.
In this episode, you'll learn:
Why Bill Bengen updated his iconic 4% rule after decades of research
The psychology behind why retirees struggle to actually spend their money
How market conditions should influence your withdrawal strategy
The role real estate...2025-06-0654 min
The Rational Reminder PodcastThe Most Controversial Topics in Personal FinanceFor the first time as a host combination, Ben, Dan, and Cameron sit down to discuss the most controversial topics in personal finance. We begin with identity and how it informs decision-making. Then, we revisit the renting versus buying debate, why this remains a highly controversial topic, the ins and outs of income investing, and understating the fervor of dividend investing. We also unpack FIRE as a branch of self-help; how it informs happiness; and how personality influences one’s approach to the FIRE principle. To end, we closely examine Bill Bengen’s 4% rule, and the Aftershow encourages us to m...2025-05-291h 18
Life, Money, and Living WellRetirement on 4% and More : Bill BengenRetirement is coming. Your plan, and your preparation, can be the difference between twilight years that are a pleasure… and those that are a pain. Consider this: the last 30 years has seen the first generation retiring primarily without a pension. As life expectancy increases, the need for retirement funds, and to use them wisely, has never been more important. To put it bluntly, retirement is a balancing act trying to avoid having more years of life than funds in the bank. That’s where financial adviser Bill Bengen comes in. Bill first articulated the...2025-05-0656 min
That Annuity Show266 - Bill Bengen, The Creator of the 4% Rule, Looks Ahead At Creating Safe Retirement IncomeIn this episode of That Annuity Show, we welcome Bill Bengen, the creator of the 4% rule, to discuss the evolution of retirement planning strategies. Bill shares insights into the origins of the 4% rule, its mechanics, and how it has been adapted in his upcoming book. The conversation delves into the eight essential elements of a comprehensive retirement withdrawal plan, the impact of inflation and market valuation on withdrawal rates, and the role of annuities in retirement income. Bill provides insight on the benefits of maximizing income while managing risks and provides case studies to illustrate effective retirement planning. Learn more...2025-05-0239 min
聽進理投EP120 提領率4%夠嗎？掌握8個退休金提領重點讓你不再擔心錢！本集聽進理投（EP120）聊聊發表「4%提領率」的 Bill Bengen 將出版新書《A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More》，本集就來聊聊 Bill Bengen 對於退休金提領的 8 個重點，歡迎點擊收聽！ 00:28 4% 提領率是什麼？ 05:35 發表「4%提領率」的Bill Bengen 要出新書了 07:27 重點 1：如何知道自己的提領率？ 10:59 重點 2：避免活太久卻沒錢用的困境 12:54 重點 3：考慮稅務成本，不要掉進高股息的陷阱 16:24 重點 4：你想留下多少錢？ 17:21 重點 5：別忘了資產配置 21:07 重點 6：即使退休了依然要再平衡 22:28 重點 7：你是不是巴菲特？ 25:13 重點 8：一年領一次或每月領一次差別在哪裡？ 本集節目也有 YouTube 影片版喔！ See omnystudio.com/listener for privacy information.2025-04-1028 min
Your Retirement, Your WayPutting lazy cash to work and which retirement rules of thumb to followGary Garland discovers the best kind of accounts in which to place “lazy money” while interest rates remain higher. Gary discusses how each person’s scenario determines the retirement plan that works best for them. He also discusses Bill Bengen’s “4% Rule” – and other conflicting ones – and why leaving too much money exposed to the market can be big trouble. Click here to schedule your free conversation with Gary for a comprehensive review on tax reduction, investment optimization, and improvement or call 732-751-4677. Come to Friendly Fridays in the Integrated Wealth Solutions education center and meet Gary and...2025-04-0814 min
Marriage Kids and Money: Personal Finance for FamiliesRetirement Is Now Easier - Bye 4% Rule, Hello 5% Rule | Bill BengenCan you really retire comfortably with a 5% withdrawal rate? Financial researcher and author Bill Bengen—the creator of the legendary 4% rule—joins us to share why his latest research shows that 5% is the new 4%. In this interview, Bill explains how his thinking has evolved, what today’s retirees should know, and how you can plan smarter for a fulfilling, financially free retirement.RESOURCES:
Sponsors + Partners + Deals
A Richer Retirement (book): https://amzn.to/4iWzaVJ (affiliate)
CHAPTERS00:00 – Intro – Bill Bengen01:53 – What is the 4% rule?...2025-04-0831 min
Last PaycheckIs the 4% Rule Still Relevant? Examining Its Role in Today's Retirement PlanningIn this episode of the Last Paycheck Podcast, CFP Professional Archie Hoxton and Financial Advisor Jimmy Sutch dive into the well-known 4% rule of retirement planning. They explore its origins, usefulness, and potential pitfalls. The conversation begins by defining distribution rates and questioning what genuinely constitutes a sustainable withdrawal rate. They discuss the 4% rule, originating from Bill Bengen's study in the 1990s, which suggests that withdrawing 4% annually from your retirement portfolio can last you 30 years. However, they caution that real-life scenarios can differ significantly, affecting the rule's reliability. Factors such as market performance, personal spending needs, and retirement l...2025-04-0215 min
Inspired MoneyRetirement Income Strategies: Maximizing Returns for Financial FreedomWhy This Episode Is a Must-Listen Planning for retirement can feel overwhelming with its complexities and uncertainties. This episode of "Inspired Money" tackles the essential question: How do you turn your savings into reliable income that will last throughout retirement? We bring together a panel of four esteemed experts to share proven strategies, actionable insights, and industry wisdom to help you craft a solid retirement income plan. Whether you are just beginning to think about retirement or looking to refine your strategy, this episode offers valuable advice on diversifying your income, managing taxes, and inflation-proofing your financial future....2025-03-271h 05
The Business ShowThe $124 Trillion Wealth Shift, a New Retirement Rule, and Walmarts New Buy Now Pay LaterMarkets are on edge as stocks face a fifth straight week of losses, while the Federal Reserve’s next move looms. Women are set to inherit $124 trillion in the largest wealth transfer in history, and Trump’s new tariffs are fueling Canadian backlash. Plus, Bill Bengen updates the 4% retirement rule, and Klarna shakes up Buy Now, Pay Later with a U.S. IPO and a major Walmart deal.🚀 Loving the show? Leave a 5-star rating & review on Apple Podcasts, Spotify, or YouTube to help more people discover it!📩 Want to master your money in 5...2025-03-1708 min
Decoding RetirementRetirees Rejoice: Bengen's Safe Withdrawal Rate Jumps to 4.7%In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Bill Bengen, "4% rule" Researcher/Author of "A Richer Retirement", about how to create retirement income plans.Find out everything you need to know about the new and improved "4.7% rule".Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headline...2025-03-0424 min
Advised | with Rick LuchiniCreator of 4% Rule Reveals His New Retirement Strategy | with Bill BengenIn this episode, we welcome legendary retirement researcher Bill Bengen, the creator of the original 4% rule, to discuss his latest findings and how retirement withdrawal strategies have evolved. If you’re planning for financial independence, early retirement, or traditional retirement, this episode is essential!
🔹 What is the new 4% rule, and how has it changed?
🔹 How to determine a safe withdrawal rate in today’s market
🔹 The impact of inflation on retirement portfolios
🔹 Stock market valuation and its role in retirement planning
🔹 How to avoid running out of money in retirement
🔹 Investment strategies to maximize long-term...2025-03-0441 min
The Rob Berger ShowRBS 189: These Fidelity Funds Beat a Vanguard 3-Fund Portfolio (FQF)Welcome to another edition of Five Question Friday (FQF). Here are the 5 questions:1. Can one Fidelity fund beat the Vanguard 3-fund portfolio?2. How do expense ratios work with fund of funds?3. Concerning the 4% rule, which I believe the analysis runs out for 30 years, if someone starts to take a yearly percentage out of their portfolio at a later age, say in their mid-70s, can the starting point of 4% be safely increased, and to what?4. How to Track a Complicated Portfolio5. What should we make of Vanguard's paper that indicates a better asset...2025-02-1435 min
The Planning For Retirement Podcast63: Retirees - Should You Give Yourself a Raise?WELCOME to the OFFICIAL episode 63! I was jumping ahead of myself last week when I thought I was recording 63, but in fact that was episode 62.
Las week we talked about cash flow and budgeting, and how that sets the framework for one of the core assumptions for your retirement planning.
Today, we are going to dive into how your cash flow needs impacts your rate of withdrawal, and ultimately how you should be giving yourself “raises” in retirement.
We’ll walk through the revolutionary study by...2025-02-0447 min
Risk Parity RadioEpisode 392: Small Cap Value Indexes, Managed Futures Butterly, And A Mini-Rant On BucketeeringIn this episode we answer emails from Kyle, Steve and James. We discuss the three most common small cap value indexes -- S&P 600, CRSP and Russell, modifications to the Golden Butterfly portfolio using managed futures, and the fantasies and follies of portfolio Bucketeering.Links:Father McKenna Center Donation Page: Donate - Father McKenna CenterSteve's Modified Golden Butterfly: testfol.io/?s=hJZl3QbaXsjMerriman's Best In Class ETFs: Best-in-Class ETF Recommendations | Merriman Financial Education FoundationKitces Article About Bucket Strategies: Managing Sequence Risk: Bucket Strategies Vs Total Return2025-01-0832 min
EverydayFI35. Doug N. - Part 2: "Money nerds unite!"Subscribe on Apple, YouTube, and Spotify. Welcome to EverydayFI, the podcast that explores the lives and stories of everyday people in the financial independence community. Today on the show I’m chatting with Doug — again! This is part two of our conversation and we get into the meat of things. Episode Links: Episode page The Millionaire Next Door Bill Bengen, Safe Withdrawal Rate The Trinity Study Early-retirement.org Work Less, Live More, Bob Clyatt Military Guide to Financial Independence, Doug Nordman How to Raise a Financial Savvy Family, Doug Nordman CampFI FinCon We’re Talkin...2024-12-3049 min
Your Retirement Planning SimplifiedEP #121: 2024’s Top Retirement Tips: Mistakes, Strategies, and Expert InsightsIn this special year-end episode of Your Retirement Planning Simplified, Joe and Lindsay reflect on the most popular episodes of 2024, covering essential retirement planning insights and strategies. From avoiding critical retirement mistakes—both financial and non-financial—to optimizing tax strategies, calculating your retirement number, and understanding TFSA rules, this roundup delivers actionable advice for pre-retirees and retirees. The duo also highlights inspiring guest appearances, including Wade Pfau on the RISA framework, Bill Bengen on the 4% rule, and Hal Hershfield on connecting with your future self. Tune in to discover top retirement tips, expert perspectives, and practical strategies to confidently plan...2024-12-2619 min
Catching Up to FIMr 4% is now Mr 5% | Bill Bengen | 111In this episode we welcome the legendary Bill Bengen! He is the creator of the infamous 4% rule that is referenced in any quality conversation about retirement and withdrawal rates. There's been spirited debates and lengthy discussions about Bengen's research but there is no one better than the man himself to weigh in on what he thinks about it 30 years later. We talk about the evolution of Bengen's research, his thoughts on market timing vs. managing risk, and he gives us a preview of his upcoming book geared toward consumers. 🔗Connect with us Buy CUtFI...2024-12-1558 minRisk Parity RadioEpisode 386: Strategies Of The Over-saved, Fun With Leverage And Tips For Our British FriendsIn this episode we answer email from Pankaj, Matthias and Iain. We discuss the simple path to withdrawals when you are over-saved and the over-complications of the over-saved, reprise some information about leveraged accumulation portfolios and provide some tips for a U.K listener.Links:Interview of Jim Grubman: Dr. Jim Grubman: The Psychology of Wealth | Rational Reminder 282PensionCraft YouTube Channel: What Is The Safe Withdrawal Rate In Retirement?Many Happy Returns Podcast: Building a Bulletproof Retirement Portfolio, with Tyler from Portfolio Charts - Many Happy ReturnsAmusing Unedited AI...2024-12-1124 min
Sound InvestingInvesting at market high, market timing, best distribution strategyThe podcast is dedicated to answering questions about:
Target date funds: “Do you think someone that simply maxes out their retirement accounts with target date funds and total market funds will be “fine”?
Selecting a distribution strategy: What advice can you give to a DIY investor who is trying to decide what to do about how they access their money to live on and how much to take out?
Buy and Hold vs. market timing: I believe in buy and holding index funds, with low expenses. I don’t think I need to pay an invest...2024-12-041h 08
Financial ConditioningMastering the Mega Backdoor Roth IRA and Innovative Retirement StrategiesIn episode 49 of Financial Conditioning, Simon Karmarkar explores the mega backdoor Roth IRA, beginning with an overview of the Roth IRA and its benefits. He delves into the specifics of the mega backdoor Roth IRA strategy, explaining how to contribute and the tax implications and withdrawal rules associated with it. Simon emphasizes the critical role of employer involvement in this strategy. The episode also covers retirement withdrawal strategies, including an explanation of the 4 percent rule, with insights from Bill Bengen. Simon concludes by examining innovative financial planning techniques and offering final thoughts on personalized strategies for financial success.
(0:00) Welcome and...2024-11-2513 minRisk Parity RadioEpisode 381: Retirement Account Basics, Some Cool New Podcasts, And Portfolio Reviews As Of November 22, 2024In this episode we answer an email from Tom, Tom the Podcaster's Son (a/k/a "Patrick Star"). We discuss the basics of retirement accounts in honor of the annual benefits enrollment period and some rules of thumb for contributing to them, with a little commentary on HSAs. We also discuss interesting recent podcasts featuring Bill Bengen, Corey Hoffstein and Cliff Asness. And our friend Jackie Cummings Koski.And THEN we our go through our weekly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Additional links:Bil...2024-11-2457 min
Afford AnythingThe Father of the 4% Rule Finally Sets the Record Straight#560: Bill Bengen, the former rocket scientist who discovered the "4 percent rule" of retirement planning, joins us at the Bogleheads conference in Minnesota. Bengen clarifies that calling it a "rule" is misleading since it doesn't fit everyone's situation. The 4 percent figure came from studying the worst-case scenario since 1926, when someone who retired in 1968 could only safely withdraw 4.2 percent annually. Out of 400+ retirees in his database, that was the only one who had such a low safe withdrawal rate — most could take out much more.Recent research has pushed the "safe" wi...2024-11-2258 min
The Financial Samurai PodcastThe 4% Rule: Clearing Up Misconceptions With Its Creator Bill Bengen I had the pleasure of speaking with Bill Bengen, creator of the "4% Rule" for retirement planning. Bill has been a reader of Financial Samurai for many years and has always been courteous in the comments section when I write about safe withdrawal rates. So, I figured it was time we had a chat to clear up some misconceptions. For those unfamiliar, the 4% Rule, developed by Bill in the 1990s, suggests that traditional retirees (around age 65) can safely withdraw 4% of their retirement portfolio in the first year—adjusted for inflation in subsequent years—without runn...2024-11-1546 minThe Financial Samurai PodcastThe 4% Rule: Clearing Up Misconceptions With Its Creator Bill Bengen I had the pleasure of speaking with Bill Bengen, creator of the "4% Rule" for retirement planning. Bill has been a reader of Financial Samurai for many years and has always been courteous in the comments section when I write about safe withdrawal rates. So, I figured it was time we had a chat to clear up some misconceptions. For those unfamiliar, the 4% Rule, developed by Bill in the 1990s, suggests that traditional retirees (around age 65) can safely withdraw 4% of their retirement portfolio in the first year—adjusted for inflation in subsequent years—without runn...2024-11-1546 min
Life Money Balance® Podcast4% Rule Guru Bill Bengen Reveals How to Maximize Your Retirement Income!In this episode, Dr. Preston Cherry talks about retirement income, breaking down the famous 4% rule with its creator, Bill Bengen, renowned for his groundbreaking work in retirement planning.Key Points:1. The 4% rule should be seen as a flexible guideline rather than a strict rule, adaptable to individual retirement timelines and economic conditions.2. Creating a diversified investment portfolio is crucial for managing risks and optimizing returns.3. Continual assessment and adjustment of the retirement plan are essential.4. Implementing strategies like guardrails allows retirees to adjust their withdrawal rates in response to market and inflation...2024-11-0724 minRisk Parity RadioEpisode 371: OPTRA, Rising Glidepaths And A Smooth OperatorIn this episode we answer emails from Anderson, Sean and Colin. We discuss the OPTRA sample portfolio, using rising glidepaths or bond tents in portfolio management and Colin's "Smooth Operator" Portfolio.Links:2016 Kitces Article re Bond Tents and Glidepaths: The Portfolio Size Effect And Optimal Equity Glidepaths (kitces.com)Portfolio Charts Portfolio Matrix Comparison Tool: Portfolio Matrix – Portfolio ChartsColin's Portfolio: Backtest Portfolio Asset Allocation (portfoliovisualizer.com)Portfolio Charts Article: When Past Performance Is Absolutely Indicative of Future Results – Portfolio ChartsAmusing Unedited AI-bot Summary:Discover...2024-10-1831 min
The Humans vs Retirement Podcast4% and Beyond! The Evolution of Safe Withdrawal Strategies with Bill BengenSummary In this episode of the Humans vs Retirement podcast, I interview Bill Bengen, the pioneer of the 4% safe withdrawal strategy, who shares insights from his extensive research on retirement income strategies. Bill discusses the evolution of the 4% safe withdrawal rate, revealing that the worst-case scenario may now be closer to 5%. He emphasises the importance of diversification, glider path investing, and rebalancing in enhancing withdrawal rates. The conversation also delves into the risks of inflation and the significance of understanding personal inflation rates in retirement planning. Bill concludes with thoughts on...2024-09-2743 minYour Retirement Planning SimplifiedEp #99: The 4% Rule Revisited: How to Craft a Safe Retirement Withdrawal Rate Have you heard these retirement myths? The 4% rule is the only safe withdrawal rate, asset allocation doesn't matter in retirement, and setting a fixed withdrawal rate is the best strategy. But is it true? In this episode, Joe speaks with Bill Bengen, a seasoned financial advisor who is widely recognized for his pivotal role in introducing the 4% rule for retirement planning. With a rich background spanning over three decades, Bengen's profound research has significantly influenced the approach to safe withdrawal rates and asset allocation strategies in retirement planning. His expertise extends beyond conventional wisdom, delving into the in...2024-07-2531 minThe Rob Berger ShowRBS 146: Why Dave Ramsey's 8% Retirement Withdrawal Is So Dangerous (Hint: Sequence of Returns Risk)This is a follow-up to my episode on Dave Ramsey's belief that retirees can start with an 8% withdrawal rate, adjust the amount each year by inflation, and be perfectly fine in retirement. The problem that Dave seems to have overlooked is what is known as sequence of returns risk.In his analysis, he uses average market returns and average inflation. But nearly 30 years ago Bill Bengen debunked this approach in a 1994 paper. The problem is that two retirees can enjoy the same average returns and inflation yet have two very different results. How? Sequence of...2024-07-2414 min
Catching Up to FIThe Life and Death of The 4% Rule | Christine Benz | 077Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar. Christine shares her extensive insights into retirement planning, emphasizing the flexibility and adaptability of the 4 percent guideline over the rigid 4 percent rule. She discusses the value of variable withdrawal strategies, the importance of personalizing one's retirement plan, and tackles the nuances of various saving vehicles like HSAs. Bill, Jackie, and Christine also chat about the sequence of returns risk and offer practical advice on asset allocation and preparing for healthcare costs in retirement. Additionally, she highlights the significance of community and working in retirement for financial...2024-05-261h 10
Retire On Your Best Path with Liz WhitteberrySafe Withdrawal Rates in 2024?Have you heard of the “safe withdrawal rate?” This is a rule of thumb that helps retirees know how much they can safely take from their retirement portfolio. One of the most famous safe withdrawal rates is known as the 4% rule. In today’s episode, we’re going to talk about where this rule came from and whether it’s still relevant in today’s environment. During this conversation, we’ll bring in perspectives from well-known financial figures such as Suze Orman, Dave Ramsey, and David Blanchett. Stay tuned as Liz shares her thoughts on their contrasting views about saf...2024-05-2320 min
Mile High FI PodcastMy Wife Retired Early!!! | MHFI 212Carl chats with Doug and his wife Elizabeth who recently left her career and retired early. Elizabeth discusses her introduction to Financial Independence and some of the skepticism she initially had while also walking through some of the specifics about actually leaving her job (making the decision, having a solid financial plan in place, and describing her last day at work). She goes on to share insights on adjusting to retirement, staying mentally active, societal perceptions of retiring early, the importance of finding joy outside work, and the importance of having a purpose post-retirement.
Save 50% site-wide on yo...2024-04-231h 20Mile High FI PodcastMy Wife Retired Early!!! | MHFI 212Carl chats with Doug and his wife Elizabeth who recently left her career and retired early. Elizabeth discusses her introduction to Financial Independence and some of the skepticism she initially had while also walking through some of the specifics about actually leaving her job (making the decision, having a solid financial plan in place, and describing her last day at work). She goes on to share insights on adjusting to retirement, staying mentally active, societal perceptions of retiring early, the importance of finding joy outside work, and the importance of having a purpose post-retirement.
Save 50% site-wide on yo...2024-04-231h 20
Mile High FI PodcastMy Wife Retired Early!!! | MHFI 212Carl chats with Doug and his wife Elizabeth who recently left her career and retired early. Elizabeth discusses her introduction to Financial Independence and some of the skepticism she initially had while also walking through some of the specifics about actually leaving her job (making the decision, having a solid financial plan in place, and describing her last day at work). She goes on to share insights on adjusting to retirement, staying mentally active, societal perceptions of retiring early, the importance of finding joy outside work, and the importance of having a purpose post-retirement.
Save 50% site-wide on yo...2024-04-231h 20
Wealth Roadmap with Jeff & SteveEp. 9 - The 4% Rule: Cracking the Code for a Secure RetirementIn this enlightening episode, hosts Jeff Costello and Stephen Bene dive deep into the intricacies of the 4% rule, a strategy that has long been a cornerstone of retirement planning. With pensions becoming a relic of the past and the reliance on 401ks and investment accounts on the rise, the fear of outliving one's savings has never been more palpable among retirees and pre-retirees. The 4% rule, developed in the 90s by financial advisor Bill Bengen, suggests that withdrawing 4% of your retirement portfolio annually (adjusted for inflation) should sustain a retiree through a 30-year retirement. However, with increasing longevity and changing...2024-04-0131 minThe Planning For Retirement PodcastEp. 37 - 3 flexible retirement withdrawal strategies to maximize spending during your lifetimeHave you heard of the 4% rule?! It's the most recognized benchmark for safe withdrawal rates in retirement. However, it lacks flexibility and often leaves retirees "under-spending," particularly in their prime retirement years.
Think Advisor put out this article (link below) that touched on three alternatives to the 4% rule and how they can potentially increase your spending capacity over time, while also protecting downside risk (outliving your assets).
I hope you enjoy this episode!
If you are interested in learning what it would be like to work with me, fill out my complimentary "Retirement...2024-02-2229 minThe Planning For Retirement PodcastEp. 32 - Tactical ways to reduce your anxiety transitioning from saving to spending in retirementI decided to record this episode as a follow-up to Ep. 30 given how many questions and discussions I've heard from listeners. If you have not listened to Ep. 30 (link here), you should go back and listen as Cody Garrett joined me to talk about the challenge of psychologically going from "Saver to Spender" in retirement.
However, many of the follow-up questions were about what tactical action items you could take to get comfortable with "spending" down your retirement nest egg.
There are 7 potential tactics and philosophies you could adopt...2023-12-1436 min
Optimal Finance Daily - Financial Independence and Money AdviceThe 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic DownturnsDiscover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.Episode 2548:Chris Reining's insightful piece on the 4% Retirement Rule illuminates the uncertainties of financial planning, drawing parallels with the unforeseen challenges faced by the Apollo 13 astronauts. He emphasizes that while the 4% rule, initially proposed by Bill Bengen and further explored by Michael Kitces, is designed to withstand economic downturns, it's the adaptability to unexpected situations that truly secures financial stability in retirement.Read along with the original article(s...2023-12-1109 min
The Long ViewJohn Rekenthaler and Amy Arnott: What’s a Safe Retirement Spending Rate Today?Hi, and welcome to The Long View. 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 The State of Retirement Income, 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...2023-11-1457 minMile High FI PodcastFinCon Recap and Mailbag – Random Episode | MHFI 189Grab your headphones for an eclectic episode of Mile High FI with hosts Carl Jensen and Doug Cunnington where they chat with special guest Mindy Jensen. They dive into life with a Tesla, the unforeseen hazards of owning one, and smart college fund investments for children. They also share their personal experiences from the recent FinCon conference and future financial independence retreats. In the soundcheck they embark on an entertaining journey reminiscing about a recent Guns N’ Roses concert, their insightful views on the band’s performance, and the unique aging crowd demographic. Poised amid finance and rock, their hearty b...2023-11-141h 16Mile High FI PodcastFinCon Recap and Mailbag - Random Episode | MHFI 189Grab your headphones for an eclectic episode of Mile High FI with hosts Carl Jensen and Doug Cunnington where they chat with special guest Mindy Jensen. They dive into life with a Tesla, the unforeseen hazards of owning one, and smart college fund investments for children. They also share their personal experiences from the recent FinCon conference and future financial independence retreats. In the soundcheck they embark on an entertaining journey reminiscing about a recent Guns N' Roses concert, their insightful views on the band's performance, and the unique aging crowd demographic. Poised amid finance and rock, their hearty bant...2023-11-141h 16Mile High FI PodcastFinCon Recap and Mailbag – Random Episode | MHFI 189Grab your headphones for an eclectic episode of Mile High FI with hosts Carl Jensen and Doug Cunnington where they chat with special guest Mindy Jensen. They dive into life with a Tesla, the unforeseen hazards of owning one, and smart college fund investments for children. They also share their personal experiences from the recent FinCon conference and future financial independence retreats. In the soundcheck they embark on an entertaining journey reminiscing about a recent Guns N’ Roses concert, their insightful views on the band’s performance, and the unique aging crowd demographic. Poised amid finance and rock, their hearty b...2023-11-141h 16
Catching Up to FISpongeBob and Drawdown Strategies | Frank Vasquez | 044Frank Vasquez is a mostly retired lawyer with over 30 years' experience in investing for his own accounts. He holds degrees in Economics and Engineering from the California Institute of Technology and a law degree from Georgetown University. He is extremely active in the Financial Independence community, answering questions of all types in forums and Facebook groups. He has appeared as a guest on the Choose FI, What's Up Next and Security Analysis podcasts, and run workshops at the EconoMe Conference. His involvement in FI topics and issues predates the FI Community as it is known today. He is the...2023-10-291h 50Risk Parity RadioEpisode 294: An Exquisite Dissection Of The "Four Percent Rule" And Portfolio Reviews As Of September 29, 2023In this episode we answer an email from Jeffrey about the "4% Rule". We discuss its origins, its three parameters (portfolio construction, time frame, and withdrawal mechanism), how it works, what it means and doesn't mean, its uses and misuses and how to make adjustments to improve your own outcomes.And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio. We have a rebalancing of the Levered Golden Ratio portfolio.Additional links:Bill Bengen's Original 1994 Safe Withdrawal Rate Paper: FPA Journal - T...2023-10-0146 min
Bogleheads On Investing PodcastEpisode 61: Cody Garrett on Early Retirement, host Jon LuskinCody Garrett is an advice-only financial planner passionate about helping families refine their path to financial independence (FI) as DIY investors. Cody specializes in comprehensive financial plan development, topic research, and personalized financial education.
This episode of the podcast is hosted by Jon Luskin, CFP®, a long-time Boglehead and financial planner. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to...2023-08-281h 02
Conservatory ChatRetirement Rules of ThumbYou may have heard of the 4% rule in retirement. Basically, it means that you should be able to safely take out and spend 4% of your retirement portfolio in the first year of retirement, then increase that dollar amount by the inflation rate for the next 30 years, and you should be able to count on that income no matter what the markets do.Notice all the “shoulds” here. This “rule” was formulated by a financial planner named Bill Bengen back in the mid-1990s when he became curious about Money Magazine’s advice that retirees could take 10% out of their p...2023-08-1504 minBogleheads On Investing PodcastEpisode 60: Jonathan Clements on ”My Money Journey,” host Jon LuskinJonathan Clements is the founder and editor of HumbleDollar. He’s also the author of a fistful of personal finance books, including My Money Journey and How to Think About Money, and he sits on the advisory board of Creative Planning, one of the country’s largest independent financial advisors.
Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper’s personal finance columnist. Between October 1994 and April 2008, he wrote 1,009 columns for the Journal and for The Wall Street Journal Sunday. He then worked for six years at Citigroup, where he was Director of Fin...2023-07-2450 minBogleheads On Investing PodcastEpisode 058: Mike Piper on ”More than Enough,” host Jon LuskinMike is the author of the popular blog “Oblivious Investor” at ObliviousInvestor.com and the creator of the free Open Social Security calculator at OpenSocialSecurity.com. He is also the author of several books on taxes, investing, and Social Security, and now a new book, More than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need.
This episode of the podcast is hosted by Jon Luskin, CFP®, a long-time Boglehead and financial planner. The Bogleheads are a group of like-minded individual investors who follow the general investment and bu...2023-05-2936 min
Bogleheads® LiveMr. Money Mustache on Early Retirement (FIRE)Mr. Money Mustache answers questions about early retirement, investing, and more.The online blogging pseudonym of Peter Adeney, Adeney is an early icon in the early retirement community, championing frugality and a do-it-yourself approach to much of life – not just investing.Show NotesBogleheads® Live with Derek Tharp: Episode 41Bogleheads® Live with Christine Benz: Episode 37Bogleheads® Live with Bill Bengen: Episode 35Frugal Man Buys $52,000 Car – Why??The Betterment Experiment[EXPLICIT CONTENT] Health Care Sharing Ministries: Last Week Tonight with John Oliver (HBO)Bogleheads® Chapter Series – Health care planning for retirement2023 Conference - The John C...2023-05-1546 minRisk Parity RadioEpisode 253: A Taxonomy of Withdrawal Strategies And Analyses Of Their ComponentsIn this episode we answer emails from MyContactInfo and Chris. We follow up on Episode 251 with a taxonomy of five withdrawal strategies described in an article from the CFA institute and discuss a "not really a withdrawal strategy" that is classified as a form of mental accounting and does not impact safe withdrawal rates (at least not in a positive manner). We talk about how to classify annuities, bond ladders and portfolio-based withdrawal strategies. And we thank Chris and our other charitable donors for their support.Links:CFA Institute Article: Retirement Income: Six Strategies | CFA Inst...2023-04-1340 min
The Money with Katie ShowDoes Early Retirement Still Work With 2023 Inflation? Featuring Bill BengenBill Bengen, who established the 4% safe maximum withdrawal rate (the rule on which most of financial planning relies), is a straight shooter, and his perspective on whether or not we’re currently in uncharted waters surprised me.But fear not—there’s a little-discussed element of planning for early (as well as regular!) retirement that might be our saving grace. We’ll unpack that, too.Learn more about our sponsor, Vin Social: https://www.vinsocial.vipLearn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatieLearn more about our sponsor...2023-04-1233 minBogleheads® LiveDerek Tharp on Retirement Planning - 4% Rule vs. Monte CarloDerek Tharp answers questions about doing retirement planning, and whether Monte Carlo simulations or using a safe withdrawal rate (SWR) is the better approach.Show NotesBogleheads® Live with Derek Tharp: Episode 24Bogleheads® Live with Bill Bengen: Episode 35Bogleheads® Live with Christine Benz: Episode 37Evaluating Retirement Spending Risk: Monte Carlo Vs Historical SimulationsThe Retirement Distribution “Hatchet”: Using Risk-Based Guardrails To Project Sustainable Cash FlowsRetiree Portfolio ModelRob Berger: 5 Best Retirement Planners and AppsVariable percentage withdrawalJohn C. Bogle Center for Financial LiteracyBogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® LinkedInBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBog...2023-03-2737 min
The Optometry Money PodcastWhat is the 4% Safe Withdrawal Rule?Questions? Thoughts? Send a Text to The Optometry Money Podcast!What is the 4% safe withdrawal rule? It's often talked about and cited in social media posts, blogs, and books. But where does it come from? What do you do with it? When is it useful and when is it not useful? Evon talks about the research behind the 4% sustainable withdrawal amount, its limitations, what it's useful for, and other helpful takeaways from the research. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an...2023-02-1535 minBogleheads® LiveChristine Benz: How much can I spend in retirement?Christine Benz answers the question, "how much can I spend in retirement?" Show NotesBogleheads® Live with Christine Benz: Episode 52022 Retirement Withdrawal Strategies ReportBogleheads® Live with Bill Bengen: Episode 35Is The United States A Lucky Survivor: A Hierarchical Bayesian ApproachThe 2.7% Rule for Retirement SpendingLong TIPS Are WackyJohn C. Bogle Center for Financial LiteracyBogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBogleheads® on Investing PodcastBogleheads® ConferencesBogleheads® BooksThe John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly apprecia2023-01-2334 min
Retirement Talk with Kevin BockThe 4% Rule and the after-tax IRAThe guy who invented the concept of the “4% percent” rule (see definition below) thinks it’s too early to cut the withdrawal rate to 3% because of today’s volatile markets. Bill Bengen feels it would take a “catastrophic” set of circumstances before people reduce their withdrawal rate. Hear Kevin's message about how much to take from retirement accounts during this economy and what do you base it on. An article in the Wall Street Journal talked about now being a great time to do a conversion to an after-tax Roth IRA. The reason is the value of assets are down in a bear m...2023-01-1607 minAfford AnythingWhat We Learned in 2022#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age.Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness.Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness.Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of...2022-12-291h 29Bogleheads® LiveBill Bengen: 4% Rule of ThumbBill Bengen - creator of the 4% rule of thumb - answers audience questions. Show NotesBogleheads® Live with Colleen Jaconetti: Episode 26Exploring the Retirement Consumption PuzzleJohn C. Bogle Center for Financial LiteracyBogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBogleheads® on Investing PodcastBogleheads® ConferencesBogleheads® BooksThe John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated. 2022-12-2631 minThe Long ViewChristine Benz and John Rekenthaler: Revisiting What Is a Safe Retirement Spending Rate After a Tough YearOn this week’s episode, we’ll be chatting about “The State of Retirement Income” study that Christine and I recently co-authored with our colleague John Rekenthaler, who joins us for this conversation. This is the second year we’ve conducted this study, which examines how much retirees can safely withdraw in retirement. Much has changed since last year as the stock and bond markets have sold off and inflation has risen sharply. This can create uncertainty about whether retirement assets will sustain spending over a multidecade horizon, an issue we explore in this study. In this episode, I’ll be asking...2022-12-2048 min
One For The MoneyWill I Be Able to Retire?The question I’m most often asked is, “Will I be able to retire?” In this episode of the One for the Money podcast, I answer that question and share ways to know you’re on the right track. In the tips, tricks, and strategies portion, I explain how a simple rule can help you track your progress towards retirement. Listen to learn more!In this episode...Well, it depends… [01:06]Determining yearly expenses [03:37]Income sources [04:56]The 4% rule [05:44]How much will you need to save? [07:28]High impact factors [09:19]The rule of 72 [11:50]Where to startAs a Cer...2022-10-0115 minAfford AnythingAsk Paula: How Much Should I Invest vs. Keep in Cash?#394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash.Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she isn’t sure what she should do.Heather inherited an IRA but MUST empty it within ten years - but she doesn’t need it right now. What should she do??Julie and her husband have access...2022-08-031h 04The Long ViewWade Pfau: The Risks of Retirement TodayOur guest on the podcast today is Wade Pfau. He is professor of retirement income in the Ph.D. in financial and retirement planning program at the American College of Financial Services. He is also co-director of the American College Center for Retirement Income and RICP program director at the American College. Pfau has written several books, including his most recent, Retirement Planning Guidebook. He is a co-editor of the Journal of Personal Finance, and he publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher blog and is a regular contributor...2022-08-0257 minAfford AnythingAsk Paula: Help! My Bills Are Too High#390: We start this episode with two anonymous callers who have opposite problems: one says her bills are too high, while the other is worried that she’s saving too much.Anonymous (“Izzy”) saves A LOT. She wants to relax about her spending more, and start including more joy into her life. How should she approach the next 10 or 20 years, so that she can enjoy her financial security?A different anonymous caller (“Starlight”) has the opposite problem: her expenses are mounting. Her bills make her uncomfortable. She wants to shake up her investments so that she can tap he...2022-07-061h 24Retirement Starts TodayFather of 4% Rule Urges CautionWe’ve all heard of the 4% rule, but did you know that the creator’s recommendation for it has changed over the years? I recently discovered an article from ThinkAdvisor.com that included an interview with the father of the 4% rule, Bill Bengen. In the retirement headlines segment, we’ll take a close look at the article and learn directly from Mr. Bengen’s perspective and then I’ll offer my own. Don’t miss out on this glimpse into the mind of the creator of the 4% rule. Outline of This Episode [2:12] Manage the risk portion of...2022-05-3023 min