[CoachKandSportsguy]

Does the 4% Rule Still Apply? - A Wealth of Common Sense

maybe or maybe not. .

[jimhoward]

The math of a 4% withdrawal rate works fine. It has tolerated varying economic conditions in the past and will likely do so in the future.
The biggest problem with a 4% withdrawal rate is that real world spending is not steady. It punctuated by large expenditures such as home improvements, automobiles, and medical emergencies which are not typically accounted for adequately.

70 year-olds pulling 4%/year from their retirement funds is not a problem. Pulling 4% per year for living expenses and then also raiding it for grandchild's college, and a lanai enclosure not so much.

For this reason I think a bucket method is better.

[collie1228]

Bucket method is much better for peace of mind. I know my immediate bucket is always ready for expenditures no matter what bucket no. 2 or 3 are experiencing. It’s worked well for me for 13 years now.

[manaboutown]

Just ordered Bengen's new book.

A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More


https://www.youtube.com/watch?v=gQqcKepuQdA

[Stu from NYC]

I would call it a guide but individuals have different spending needs.

[dougjb]

Well give it a try!

Rely on the anonymous "experts" here instead of paying a financial expert a few hundred bucks for a proper analysis.

If it doesn't work out for you and you run out of money down the road, you can always complain about the terrible "expert" advice you received on TOTV.

Please remember if you are satisfied with the responses you receive here on this matter, you can focus on seeking do-it-yourself open heart surgeryon TOTV. I hear there are some excellent "experts" on that subject here.

[Caymus]

Originally Posted by dougjb

Well give it a try!

Rely on the anonymous "experts" here instead of paying a financial expert a few hundred bucks for a proper analysis.

If it doesn't work out for you and you run out of money down the road, you can always complain about the terrible "expert" advice you received on TOTV.

Please remember if you are satisfied with the responses you receive here on this matter, you can focus on seeking do-it-yourself open heart surgeryon TOTV. I hear there are some excellent "experts" on that subject here.

Where are you getting an "expert" for a "few hundred bucks"?

[Bill14564]

Originally Posted by dougjb

Well give it a try!

Rely on the anonymous "experts" here instead of paying a financial expert a few hundred bucks for a proper analysis.

If it doesn't work out for you and you run out of money down the road, you can always complain about the terrible "expert" advice you received on TOTV.

Please remember if you are satisfied with the responses you receive here on this matter, you can focus on seeking do-it-yourself open heart surgeryon TOTV. I hear there are some excellent "experts" on that subject here.

I suspect open heart surgery requires more than the excel spreadsheet that the 4% calculation does. But hey, if you want to pay someone hundreds (more likely thousands) of dollars to run excel then I'm sure there are no end of people willing to take your money.

It is easy to look up past market performance
It should be easy to look up the past performance of your portfolio
A simple excel spreadsheet can show how past performance and future withdrawals would affect a balance

What is NOT simple is predicting future market performance, recognizing a plan is going wrong, or adjusting to a new reality.

[manaboutown]

Originally Posted by dougjb

Well give it a try!

Rely on the anonymous "experts" here instead of paying a financial expert a few hundred bucks for a proper analysis.

If it doesn't work out for you and you run out of money down the road, you can always complain about the terrible "expert" advice you received on TOTV.

Please remember if you are satisfied with the responses you receive here on this matter, you can focus on seeking do-it-yourself open heart surgeryon TOTV. I hear there are some excellent "experts" on that subject here.

I am amazed at how helpful some of the advice, opinions and shared experiences have been for me. At the very least some posts have given me direction of where and how to conduct my own research. The backgrounds of some of the posters are quite remarkable.

[ltcdfancher]

Originally Posted by Caymus

Where are you getting an "expert" for a "few hundred bucks"?

I have worked with a CFP in the past. Here’s the proposal for hourly engagements: Planner’s hourly rate is $350.00. For hourly engagements, Planner bills in 15-minute increments. Billed activities include: meetings, analysis and research, deliverable preparation for meetings or via correspondence, and coordination with external professionals (e.g., attorneys and tax professionals). Summaries prepared and sent after meetings are included in the time, i.e., they do not add to the time for the meeting.

I engaged with him to answer a very specific question. I also rely on a AUM fee-based advisor. Having access to both hourly and fee-based fiduciaries allows me to check one against the other.

[Boffin]

Yep, it works for me.

[spd2918]

No one rule applies to all investors.

I'm pulling 6% for 3 reasons:

1. I'm 56 and will enjoy the money more now than when I'm less active.
2. My investment money is gravy- my retirement is my main source of income.
3. I was not raised to amass someone's inheritance. There will be plenty of money / assets for the kids without my side stash.