1. Safe Withdrawal Rate Myths: Debunking 3 Common 4% Rule Mistakes James Conole, CFP® 20:00

The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in Retirement.

Yet, as simple as the 4 percent rule seems, the practical implications are drastically misunderstood. I explore the three common mistakes people make when applying this rule and how to avoid them.

Questions Answered:
How do RMDs impact the 4 percent rule?
Does the 4 percent rule account for changes in expenses and income sources?

0:00 – Questions from listeners
1:26 – Misconception 1 – RMD 
3:27 – 4% rule applies to portfolio
5:51 – Assumption of 30 years Retirement
7:51 – Misconception 2 – annuity distributions
10:01 – An example 
12:33 – Misconception 3 – static cash flow
13:42 – Examples of changes
17:44 – Summary

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James Conole CFP®, Podcaster

James Conole is the founder of Root Financial and the host of the Ready For Retirement podcast and YouTube channel.