White Coat Investor Podcast WCI #441: The 4% Rule and Saving for an Early Retirement
Oct 16, 2025
Nathan Kleberg, Senior Vice President of Business Development for MLG Capital, shares insights into the multifamily real estate market, discussing its unique dynamics amid recent economic shifts. He also elaborates on fund structures and the pros and cons of different investment options. The conversation dives into strategies for saving for early retirement, including the practicalities of the 4% rule and capital preservation approaches for those looking to work less. Practical advice on handling inheritances and navigating financial politics is also explored.
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Build Your Cash Bucket Deliberately
- Save cash deliberately if you plan an early retirement and want a sizable cash bucket for sequence-of-returns protection.
- Redirect annual taxable contributions and disable dividend reinvestment until you hit your target cash cushion.
Avoid Political Currency Hedging
- Don't alter your financial plan based on short-term political fears or which party controls the White House.
- Treat a $100,000 inheritance relative to a $1.4M net worth as a small windfall and consider spending, saving, or gifting it after a short pause.
Multifamily Faced Supply And Capital Shock
- Apartment markets faced simultaneous record new supply and retreating institutional capital in 2022–2024.
- That combo depressed rents, increased vacancies, and softened pricing for multifamily investments.