You've perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you'll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry.

This is the fourth of a five-part series we're revisiting on Retirement Rules Gone Awry. 

What we discuss in this episode:

1:40 - What is the 4% rule?

4:00 - Why this rule became widely adopted? 

5:35 - Major problems with this rule

11:12 - What is the right answer?

14:53 - Example of someone we've worked with 

18:07 - Final thoughts

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/