2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns - podcast episode cover

2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns

Dec 11, 202310 minEp. 2548
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Episode description

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. 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
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2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns | Optimal Finance Daily - Financial Independence and Money Advice podcast - Listen or read transcript on Metacast