Welcome to the Jill on Money Show. It is Sunday November 12th and today we are

airing the second part of our interview with Joel Dixon from Vanguard.

He's got a very fancy title,

Global Head of Enterprise Advice Methodology.

That's a lot, it's a mouthful.

I'm just gonna say Joel from Vanguard. Today we're going to focus on an important concept so many of you ask about this.

This is about withdrawal rates and this is the amount of money that you can safely pull out of your retirement and investment accounts without

blowing through everything.

And I think that this is an important conversation.

So happy to have Joel on the air with us.

We'll bring him back from time to time, I I hope because he's got a lot of great information.

Here is part two of our interview with Joel Dixon. When I first got into the financial planning business,

which is like the early 90s.

And I must be much older than you are, Joel.

But at that time, there was something

called sort of the 4% solution,

the magic withdrawal rate.

And it was thought to be the gold standard that if you presume,

if you just take the money out of your accounts at just 4% of that

account value or less you're not going to run out of money. So first of all where

did that come from? Where did that 4% magic number come from?

Yeah, so that 4% magic number come from. Yeah, so that 4% rule, if you will,

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