Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone and welcome back to another episode of Ready for Retirement.

I'm your host, James Cannell.

Today, we're going to be talking about how you invest different buckets or different segments of your retirement portfolio. And I think this

topic will make a little bit more sense after I read the question that we're going to be going

through. But the gist of it is understanding maybe different bucket approaches or understanding

where you're going to be pulling from first in retirement. How does that inform your investment

decision processes or how does that inform the asset allocation

or asset mix process when you're looking at one portion of your portfolio from another?

So this question is, or this episode is response to a question, and this question is from Eric.

And Eric says this.

He says, what is an appropriate drawdown rate from a taxable account during

your bridge years before retirement? So between age 50 and 59 and a half. I know that in retirement

it's 4% and once I hit 60 years old, I can draw almost 75,000 a year as a 4% clip from my retirement

accounts. But in order to let those accounts do the growing they need to,

I need my brokerage account to last me 10 years if I want to retire 50. If I have roughly $650,000 in my Schwab account, can I safely draw down $65,000 per year for 10 years?

If that's not feasible, how much savings emphasis should I be putting on growing my taxable

account if I'm 36 years old now

and would like to retire in 14 years. As a side note, age 50 is not a hard stop. It's more so a goal

as I don't love my job and I'd love to have more time to devote to running, biking, cooking,

...