Welcome to the Jill on Money Show.

It's Saturday, July 27th.

And this weekend, I have a treat for you.

You know how we answer questions every day on this program?

Sometimes I go on other programs and do it.

And I'm sort of like the color commentary, not so much the brain.

And I was able to do that with my friends

over at the compound. Ben Carlson, who is the director of institutional asset management at

Riddholz wealth. He and Duncan Hill, who's the creative director at Riddholt's wealth,

they co-host a program called Ask the Compound. What's so cool is because Ben is a CFA, a chartered financial analyst. He does all this

research on all the questions and he puts up cool charts and graphs. So today and tomorrow, we're

going to air the episode of Ask the Compound, where I was the guest. And today we're talking about

something called the 4% rule. Listen, I'm sure there are some people who actually follow the 4% rule religiously, but certainly not as many people as financial researchers would assume. So what do you think? This is such a squishy question. It's a very important one for people, like how much do I actually need to retire? But one that I think a lot of people don't actually know until they get to the day where they say,

I'm fine. I can do it. So how do you think through this framework? I'm old. And so I grew up

with the 4% rule, sort of drilled into me. And I think, you know, it's weird because we've

just gone through this inflationary spike. So it used to be when I would say to people

about like, you know, 4%, it sounds great, but like what if things go wrong? What if there's like

more inflation than you would expect or your assets don't perform as you would expect?

Or I don't know, just something weird happens. And they'd look at you like you're crazy.

So now, at least we have the experience of like, yes, we can have inflation and it can happen

at the wrong time for people. You know, I guess in my experience, like when I was an advisor

a million years ago, people wanted some thumbnail guidance, right? And I think that that's what the 4% rule is meant to do, which is just give me some framework so I don't blow through all my money.

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