It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: The new 3.3% rule for retirement

In case you missed any episodes, here’s what we covered this week:

• The 4% Rule Explained
• Why Did the 4% Rule Change To 3.3%?
• The Gloomy Outlook That’s Driving The 3.3% Rule
• 4 Reasons Why The 4% Rule Still Works
• Why You Shouldn’t Fret Too Much About The 4% or 3.3% Rule

The most important takeaway from this week is that while guidelines like the 4% rule or the revised 3.3% rule can be helpful in determining a safe withdrawal rate for retirement, these rules use a number of assumptions that could be wildly inaccurate over a 30 year retirement. So no matter which withdrawal rate you use in retirement, the key is to remain flexible with your spending and withdrawals to account for the actual changing market and economic conditions as well as natural fluctuations in your spending needs. 

Tomorrow, come on back, because we’re starting a brand new theme: Save More or Pay Off Debt Before Retirement. As you approach retirement, would it be better to save more or focus on eliminating your debts before retirement? I’ll explore this important topic next week. 

Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance