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How to Retire Early (The 4% Rule?)

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How to Retire Early (The 4% Rule?)

594,157 views May 25, 2020 14:39

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ChannelBen Felix

Description from the creator

Most people save without knowing their real "why." Free exercise for Canadians to find it.
research-tools.pwlcapital.com/research/goals?ut…

The 4% rule for retirement income planning is wildly popular, but fatally flawed. In this video I explain why retirement income planning the “nastiest, hardest problem in finance” and why the seemingly simple solution of the 4% rule is one of the worst ways to solve the problem.

NYT Article: nytimes.com/2020/04/02/style/fire-movement-stoc…

Referenced in this video:
- How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies: amzn.to/2LicSQ7
- Determining Withdrawal Rates Using Historical Data: onefpa.org/journal/Documents/The%20Best%20of%20…
- Retirement Savings: Choosing a Withdrawal Rate That Is Sustainable: aaii.com/files/pdf/6794_retirement-savings-choo…
- Equity Risk Premiums (ERP): Determinants, Estimation and Implications:papers.ssrn.com/sol3/papers.cfm?abstract_id=337…
- The 4% Rule—At What Price?: web.stanford.edu/~wfsharpe/retecon/4percent.pdf
- A rule for all seasons: Vanguard’s dynamic approach to retirement spending: vanguardcanada.ca/documents/literature/dynamic-…
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About this tutorial

Ben Felix published this 14:39 video tutorial on May 25, 2020. It has been watched 594,157 times on YouTube.

Channel
Ben Felix
Category
Education
Duration
14:39
Published
May 25, 2020
Views
594,157
Likes
15,002

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Further reading

  • THE FIRE MOVEMENT – HOW TO RETIRE EARLY & THE 4% RULE – Money ... moneyworldbasics.com

    Longer life expectancy and early retirement make for a very long retirement period. The failure rate of the 4% rule increases over such long horizons. The 4% rule is based on US historical market data and does not inclu…

  • How to retire early using the 4% rule - CNBC cnbc.com

    McCurry used "the 4% rule," which says you can typically safely withdraw 4% per year from your portfolio.But after a few years of living frugally, McCurry adjusted his goal to $1.3 million. The ...

  • Retirement Basics: What Is The 4% Rule? – Forbes Advisor forbes.com

    The 4% rule assumes a rigid withdrawal rate throughout retirement. Retirees take out 4% in the first year of retirement. After that, they adjust their annual withdrawals by the rate of inflation ...

  • How the 4% retirement rule works msn.com

    At a high level, the 4% rule states a percentage that retirees are said to be able to withdraw annually and still have the funds last for 30 years. For example, someone could withdraw $20,000 a ...

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