Can I Do a Reverse Dollar-Cost Averaging for Withdrawals in Retirement?

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 24 April 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Does a withdrawal strategy in retirement have to be complicated or can you simply do a reverse of dollar cost averaging?

In this episode, we’ll take a look at how reverse dollar-cost averaging would work by using an example and discover who it works for. Click play to learn if this withdrawal strategy would work for you.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT WITH A LISTENER QUESTION

[1:44] Is it okay to do a reverse dollar-cost average for withdrawals in retirement?

IN THE NEWS

[14:30] The rules have changed for Inherited IRAs

LISTENER QUESTIONS

[18:55] What should Vicky do with the proceeds from the sale of her home?
[24:09] What to do with a 10-year inherited IRA
[27:55] What is the best way to fund bucket #1 to prep for retirement?
[35:10] A topic suggestion

TODAY’S SMART SPRINT SEGMENT

[36:11] Evaluate the resilience of your plan

Resources Mentioned In This Episode

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

Click on a timestamp to play from that location

0:00.0	The show is a proud member of the Retirement Podcast Network.
0:06.0	This is the show dedicated to helping you not just survive retirement.
0:10.8	Blooring.
0:12.1	No, but have confidence because you're doing the work to really lean in and rock it.
0:17.0	Hey there, Roger Whitney here. By day I am a practicing retirement planner with over 30 years
0:27.9	experience, founder of agile retirement management, and by night over the last 10 years you and I have been on a
0:35.6	journey of improving our skills in retirement planning so you can have the confidence to lean in and rock it and feel like you're going to be okay.
0:45.0	Now today on the show we're going to be answering the question,
0:49.0	is it okay just to simply reverse dollar cost average in retirement from Chris and to answer that question
0:54.8	we're gonna put our geek hat on just a little bit. In addition to that we have an
0:58.8	in the news update on IRS guidance related to the 10-year rule and inherited IRAs.
1:05.0	Plus, if that's not enough, we're going to be answering some of your questions and as always
1:08.6	doing a smart sprint.
1:10.4	Now if you want links to some of the resources that we talk about on the show so you can dive in a little bit further
1:16.8	Sign up for our six-shot Saturday email. It's our weekly email where we send a summary of the show and links to resources like the change in rules
1:25.2	on inherited IRAs so you can easily have access to those.
1:28.4	You can sign up for that at six shot Saturday.com.
1:32.3	With that let's get on with the show.
1:33.4	Our title question comes from Chris.
1:39.6	Chris asked, is it okay to do reverse dollar cost averaging for withdrawals in retirement?
1:45.0	I've not heard this address before and would love to hear your insight on this.
1:49.0	This is a great question, Chris, and this gets to the essence of why if you're consuming
	...

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