Jill on Money with Jill Schlesinger What Is a Safe Withdrawal Rate?
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Jun 17, 2025 Explore the nuanced world of safe withdrawal rates for retirees, challenging the traditional 4% rule. Discover how personal circumstances can impact financial decisions. Gain insights into managing 457 plans and addressing uncertainties in a changing job market. Hear a heartfelt listener message that highlights the podcast's impact on financial advising. Finally, dive into the uplifting power of community and the important role realtors play in the home-buying experience.
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Safe Withdrawal Rate Guidance
- Use a 4% withdrawal rate in good years and reduce withdrawals in down years to maximize spending longevity.
- Consider a conservative 3.5% withdrawal rate if you prefer lower risk and flexibility.
Personal Goals Shape Withdrawal Strategy
- Personal goals should shape withdrawal strategies more than conventional rules.
- Spending within means can offer a fulfilling retirement even if you leave less to heirs.
Roth Conversion and RMD Strategy
- Consider converting traditional retirement accounts to Roth if you can pay the taxes without strain.
- Taking more than required minimum distributions can help manage tax brackets strategically.