Evaluating Retirement Withdrawal Strategies with Christine Benz (EP.141)
The Long Term Investor · Peter Lazaroff
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Show Notes
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:
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Motivations for safe withdrawal rate research
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Nuances of the 4% withdrawal rule
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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"