20 min listen
2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns
2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns
ratings:
Length:
10 minutes
Released:
Dec 11, 2023
Format:
Podcast episode
Description
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Episode 2548:
Chris Reining's insightful piece on the 4% Retirement Rule illuminates the uncertainties of financial planning, drawing parallels with the unforeseen challenges faced by the Apollo 13 astronauts. He emphasizes that while the 4% rule, initially proposed by Bill Bengen and further explored by Michael Kitces, is designed to withstand economic downturns, it's the adaptability to unexpected situations that truly secures financial stability in retirement.
Read along with the original article(s) here: https://chrisreining.com/plan-predict/
Quotes to ponder:
"You can plan, but not predict."
"The reason the 4% rule works during recessions is because the 4% rule is based on the worst possible historical scenarios."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 2548:
Chris Reining's insightful piece on the 4% Retirement Rule illuminates the uncertainties of financial planning, drawing parallels with the unforeseen challenges faced by the Apollo 13 astronauts. He emphasizes that while the 4% rule, initially proposed by Bill Bengen and further explored by Michael Kitces, is designed to withstand economic downturns, it's the adaptability to unexpected situations that truly secures financial stability in retirement.
Read along with the original article(s) here: https://chrisreining.com/plan-predict/
Quotes to ponder:
"You can plan, but not predict."
"The reason the 4% rule works during recessions is because the 4% rule is based on the worst possible historical scenarios."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 11, 2023
Format:
Podcast episode
Titles in the series (100)
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