02.28.2024 - By Peter Lazaroff
In this episode, we’re joined by Christine Benz, Director of Personal Finance at Morningstar, who shares fascinating insights from her latest co-authored paper: "The State of Retirement Income 2023." Listen now and learn: Motivations for safe withdrawal rate research Nuances of the 4% withdrawal rule Implications of today’s environment for retirement spending strategies Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions. 02:28 Motivation Behind the Research 03:54 The 4% Withdrawal Rule: An Overview and Its Shortcomings 07:15 Variables Impacting the Ideal Withdrawal Rate 12:45 The Impact and Value of Early Financial Gifts 17:16 The Advantage of Dynamic Spending Strategies 21:07 Upcoming Book: "How to Retire – 20 Lessons for a Happy, Successful, and Wealthy Retirement"