710: Constant Retirement Withdrawals: Realistic or Not? by Darrow Kirkpatrick of Can I Retire Yet on Investing

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🗓️ 16 November 2018

⏱️ 11 minutes

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Summary

Darrow Kirkpatrick of Can I Retire Yet shares his thoughts on whether constant retirement withdrawals are realistic. Episode 710: Constant Retirement Withdrawals: Realistic or Not? by Darrow Kirkpatrick of Can I Retire Yet on Investing Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/constant-retirement-withdrawals-realistic-or-not/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:01.0	Your wallet will thank you later.
1:03.0	This is optimal finance daily, episode 710.
1:08.0	Constant Retirement Withdrawals. Realistic or not.
1:12.0	By Darrow Kirkpatrick of can I retire yet.com
1:16.0	and I am your host and narrator of the show Dan I'm here with you every weekday reading to you from some of the best personal finance blogs on the planet.
1:24.8	And I'm going to keep this intro nice and short for you on this Friday, so let's get right to it
1:29.4	as we start optimizing your life.
1:44.0	Constant retirement withdrawals, realistic or not, by Daro Kirkpatrick of Can I Retire Yet.com. Quote, a foolish consistency is the hobgoblin of little minds.
1:49.0	Ralph Waldo Emerson
1:52.0	There is a fatal flaw in most simple retirement models and rules of thumb.
1:56.8	For example, the famous 4% rule, which states that you can withdraw 4% from a diversified
	...

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