Why You're Wasting Time Worrying About Safe Withdrawal Rates
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Why You're Wasting Time Worrying About Safe Withdrawal Rates
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If you're simply asking the question about what correct withdrawal rate for your retirement is - you're likely not the type of person who is going to run out of money.
That's the message shared by Jordan Grumet of The Purpose Code. He says "The simple act of asking, "Should I spend 3.2%, 4%, or 5%?" reveals something telling: You've done the work. You've built the nest egg. You understand the mechanics. You're in the game."
More about his article and the data behind it is shared in today's episode.
We also answer a listener question about how to spend at their calculated rate without worrying, and wrap it up with a great "Retire To Something" segment.
Resource:
Article by Jordan Grummet at The Purpose Code: Why You're Wasting Time Worrying About Safe Withdrawal Rates
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