This chapter explores the intricacies of adjusting personal budgets in response to portfolio performance and withdrawal rates for early retirees. The discussion highlights the psychological challenges of spending adjustments, the significance of financial buffers, and the considerations of taxes in managing finances. It also emphasizes the evolving perspectives required for effective financial management after retirement, especially in fluctuating market conditions.
How do you plan to set up your retirement paycheck to avoid running out of money? In this episode, Jason talks with Eric about how he uses a free online tool to manage his finances in early retirement. Topics covered include his variable withdrawal strategy, managing cash, portfolio rebalancing, and much more.
FREE SWR tool and show notes: https://twosidesoffi.com/toolbox