The 5% Rule: Why Retirees Can Safely Spend More Than The 4% Rule Allows

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 23 September 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Family finances get a full refresh in this week’s episode of Marriage Kids and Money! First, we count down the Top 5 Best Budget Apps for Families and Couples, including ⁠Monarch Money⁠, our number one pick for building a shared budget that actually works. Discover how these apps make money tracking simple and family friendly, with features like shared dashboards, digital envelopes, and kids’ debit cards. Then, we talk with ⁠Blair Hickman⁠ and ⁠Mariah Hudler⁠ about how they hit Coast FIRE in California with $2 million invested, a pension, and a part-time lifestyle that lets them focus on family, health, and adventure. They explain how decades of consistency turned into financial freedom and how being “optionaires” gives them time to live fully today. Finally, we close with The Good Word, a heartwarming story about compassion and community that reminds us to be there for one another during difficult times. Sponsors, Deals, and Partners that Support the Show 👉 Sponsors, Deals & Partners – See all current offers in one place. 🎥 Good News Movement: Mia’s Story – Watch the uplifting video shared in The Good Word. (These are affiliate links, which means we may earn a commission if you decide to sign up. There’s no extra cost to you and it helps support the show.) 💰 Monarch Money – Our top pick for couples and families. Try it free for 7 days and get 50% off your first year with this link. 📊 YNAB (You Need A Budget) – Proactive budgeting system with a 34-day free trial. 📱 Simplifi by Quicken – Clean, easy-to-use design for busy families. Includes a 30-day free trial. 🏦 Crew – Family banking and kids’ debit cards with high-yield checking. Free to use. 💳 EveryDollar – Simple zero-based budgeting from Ramsey Solutions. Premium plan includes a 14-day free trial. 📘 Own Your Time – Pre-order our first book today. 🎯 MKM Coaching – Get 1-on-1 support with your family finance journey. 🔥 Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement. 🏠 Mortgage Payoff Calculator – See how fast you can become mortgage free. ▶️ YouTube – Subscribe for free to watch videos of episodes and interviews. 💰 Monarch Money – Best budget app for families and couples. 📊 Empower – Free portfolio tracker. 🏦 Crew – HYSA banking built for families (Get an extra 0.5% APY with our partner link). ❤️ Ethos – Affordable term life insurance. 📝 Trust & Will – Convenient estate planning made easy. 🌐 Mariah Hudler 🌐 My Financially Flexible Life This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by linking to Amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why are businesses like HelloVet choosing Apple products and services?
0:04.8	So we started the business two years ago.
0:07.2	We had a few people who were used to PCs and this was their first foray into Macs.
0:12.5	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:18.0	Find out how Mac can help you run and grow your business at Apple.com forward slash hellovette.
0:27.3	As Bill told me, most people would prefer to enjoy their expenses at the highest level they can safely maintain.
0:36.8	And I couldn't agree more.
0:44.0	This show is dedicated to helping you, strengthen your family tree, and live financially free.
0:49.5	Welcome to the Barrage Kids of Money podcast, everybody. This is Andy Hill. And today we're
0:53.6	going to do three things.
0:55.4	First, we'll be discussing the new and improved 5% rule based on my recent interview with Bill Benkin.
1:02.4	If you've heard of the 4% rule when it comes to your coastfire or traditional retirement planning,
1:09.0	you're going to want to hear how the 5% rule just made things a whole lot easier.
1:14.3	Second, we're back with our net worth win segment. This month, we're featuring LGBTQ money experts,
1:19.7	David and John Otten Schneider. David and John have grown their net worth together as a couple
1:25.2	to over $1.6 million in their early 50s.
1:29.3	They're going to share the details of their journey to $1 million and beyond,
1:33.3	and what their future looks like as a millionaire couple.
1:37.3	And last but not least, my son Calvin and I will be joining forces again for another good word.
1:43.3	With all the not-so-great news out there, Calvin and I are going to be sharing some good
1:47.8	news and celebrating it together.
1:50.5	All right, let's jump into today's show.
	...

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