How To Never Run Out of Money - Safe Withdrawal Rate RESULTS - Ep. #36
Do you know what percent of your nest egg is safe to pull out during retirement? What have you heard about safe withdrawal rates? Jay shares his own personal research results from his Monte Carlo based study with various withdrawal percentages and portfolio mixes. Beyond just covering updated fixed safe withdrawal rates? Jay dives into financial guardrails and strategies that can help you reduce your exposure to risk in retirement. If you understand your retirement strategy, you can life without ever running out of money.
In the today's story, Jay shares how he learned how to use Microsoft Excel from a FREE program at the library. This skill has proved very valuable in many aspects of his life. What free resources do you have available for learning new valuable skills?
The budget tip of the day is to save for retirement over spending in your "lifestyle" categories living in your budget. It's natural to want that subscription now, but should entertainment today be prioritized living with dignity tomorrow? Are your needs today preventing you from saving enough in general?
Our listener question asks how you can afford housing these days!? Jay gives some very practical advice - even if it may not be the advice you want to hear!
Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday!
Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.
Our Website: HopeFilledFinancial.com
Music: "Take Me Higher" by Jahzzar
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