Reality Radio for a really great future.

We're talking real money.

The debate rages on.

The permanent, perpetual, ongoing argument over what is the proper withdrawal rate from your portfolio in retirement.

You've heard of the 4% rule.

If you've listened to us, you've heard of the flexible withdrawal strategy.

Well, now, ladies and gentlemen, the good folks at Morning Star have decided that they don't know either.

But they did a new study.

They've done a new study.

And what is the right withdrawal rate from your portfolio in retirement. It's one of those questions that

we ask a lot because we like certainty. We want to know for sure what's coming in, what's going on.

And we hate not knowing. So people like Morningstar and others study these things and tell you what

the latest withdrawal rate is based on their

latest research, Tom.

Yeah, it's fascinating to me.

A, that we need to update this every year, depending on what just happened the previous year.

That's one thing.

And I stole this

line from Christine Benz, who's part of this study, which I love, and generally it gets a laugh.

And it kind of goes like this. The only correct withdrawal rate will know is after we're dead,

whether it worked, right? I mean, you don't really know that until you're gone and you had the money or you didn't during retirement.

Was that laugh you got more of a polite titter? It was sort of like a, oh, Tom thinks he made a joke.

...