321 Spend To The End

Sound Retirement Planning Podcast

In this podcast episode Jason answers a listener question about making adjustments to the 4% withdrawal rule based on your age.  When is the 4% withdrawal rule applied?  Should you make an adjustment to the 4% withdrawal rule based on your age at retirement?

Below are the articles and resources mentioned in this episode:

Retirement Budget Calculator and the new Snapshot report for tracking your net worth.
https://retirementbudgetcalculator.com/

Articles mentioned in this episode:

The growth of the U.S. population age 65 and older exceeds that of the total population and the popula­tion under age 65.
https://www.census.gov/library/stories/2018/10/snapshot-fast-growing-us-older-population.html

Fastest growing segment of the population
https://transgenerational.org/aging/demographics.htm#:~:text=The%20%22Oldest%2DOld%22%2085,that%20for%20the%20total%20population.

NPR Age 80+ is the fastest growing age group.
https://www.npr.org/sections/thetwo-way/2009/07/oldest_old_are_worlds_fastest.html#:~:text=%22By%20the%20year%202017%2C%20the,world’s%20fastest%20growing%20age%20group.%22

MarketWatch: Probability of living to age 100
https://www.marketwatch.com/story/should-we-plan-on-living-to-100-2017-08-28#:~:text=The%20results%20are%20shown%20in,10.2%25%2C%20and%2015.7%25.

What Returns Are The Safe Withdrawal Rates REALLY based upon?
https://www.kitces.com/blog/what-returns-are-safe-withdrawal-rates-really-based-upon/

What Happens If You Outlive Your Safe Withdrawal Rate Time Horizon:
https://www.kitces.com/blog/What-Happens-If-You-Outlive-Your-Safe-Withdrawal-Rate-Time-Horizon/
“Specifically, Bengen mentioned that even if someone starts at a 4.5% withdrawal rate and goes for 30 years, there is still a 96% chance (based on historical analysis) that the client will still have 100% of his/her original principal remaining to fund the extra years.”

Charles Schwab: Rob Williams & Chris Kawashima
Beyond the 4% rule: How Much Can You Spend In Retirement?https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement

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