Is The New Safe Withdrawal Rate 3.7%?
Morningstar recently released its annual State of Retirement Income report. According to its calculations, the new safe withdrawal rate is 3.7%. The report offers some excellent data and analysis that can help us as we build our retirement income strategy.
My Article (Higher Isn’t Always Better: The Surprising Truth About Safe Withdrawal Rates): https://robberger.com/the-surprising-...
Morningstar Report: https://assets.contentstack.io/v3/ass...
Dr. Pfau's article: https://www.financialplanningassociat...
0:00 - Intro
0:26 - Viewing the Report
3:16 - Success rate
7:12 - Equity weightings between 20% - 50%
9:14 - Optimal stock/bond allocation
11:45 - Adjusting return assumptions
16:17 - Dynamic Withdrawal Strategies
20:54 - Variability of your income
22:56 - Recap
Join the Newsletter. It's Free:
https://robberger.com/newsletter/?utm...
Financial tools I use:
I track all of my investments, performance, fees, and asset allocation with Empower. It's Free:
https://robberger.com/empower
My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost:
https://robberger.com/new-retirement
I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free:
https://robberger.com/capitalize
My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets:
https://robberger.com/tiller
We save and invest our credit card rewards. Here are some of my favorite credit cards:
https://www.allcards.com/best-credit-...
My Book (Retire Before Mom and Dad):
https://amzn.to/4d9qbhA
#retirement #morningstar #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)
LET'S CONNECT
Youtube: / @rob_berger
Facebook: / financialfreedomguy
Twitter: / robert_a_berger
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
