1787: [Part 2] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 30 January 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fritz Gilbert rethinks the 4% rule. This is part 2 of 2. Episode 1787: [Part 2] Rethinking the 4 Percent Safe Withdrawal Rule by Fritz Gilbert of The Retirement Manifesto Fritz Gilbert retired at age 55 after a 33-year career in the global aluminum industry. His award-winning blog, The Retirement Manifesto, is focused on helping people achieve a great retirement. The blog follows his journey from 3 years prior to retirement through his first 2+ years of living in retirement and focuses on both the financial and non-aspects required to live a great life in retirement. Follow him at his blog, TheRetirementManifesto, or on Twitter and Facebook. The original post is located here: https://www.theretirementmanifesto.com/rethinking-the-4-safe-withdrawal-rule/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Darren Brown. I've made a career out of learning the inner workings of our brilliantly messed up brains.
0:08.0	So together with the help of powerful human stories, expert advice and the odd experiment will help you wrestle control over your life, fears and emotions.
0:21.0	The complete Darren Brown boot camp series, listen now on Audible.
0:25.0	Subscription required see audible.co.uk for terms.
0:51.0	And now everyone's like vegan pies are the new thing around here.
0:55.0	Wait, know me?
0:56.0	Take the next step on your business journey with Gold Daddy.
1:00.0	This is Optimal Finance Daily, Episode 1787.
1:04.0	Rethinking the 4% safe withdrawal rule, Part 2, by Fritz Gilbert of the RetirementManifesto.com
1:12.0	and on your host and personal finance enthusiast, Diana Mariam.
1:17.0	Now today's post is a continuation from yesterday.
1:20.0	So if you're new here, I'd recommend listening to yesterday's episode first.
1:26.0	But if you're all caught up, let's hear Part 2 and continue optimizing your life.
1:35.0	Rethinking the 4% safe withdrawal rule, Part 2, by Fritz Gilbert of the RetirementManifesto.com
1:44.0	It wouldn't be fair to cite my concerns with the 4% safe withdrawal rule without suggesting an alternative.
1:51.0	Following are the three modifications I'd suggest for your consideration.
1:56.0	I'm applying all three of these modifications in our personal retirement strategy.
2:01.0	Number one, reduce withdrawal rate to 3.3%.
2:07.0	Ironically, we've been targeting a 3.25% withdrawal rate since I retired 3.5 years ago.
2:14.0	I based our target on the excellent safe withdrawal rate series from early retirement now.
2:21.0	The series comprises 48 posts dedicated to the topic, with more mathematics and graphics than you can imagine.
2:29.0	I'm not ashamed to say that Carsten, or Big Earn, is smarter than I am, and I respect his work.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.