Smart Withdrawals: Maximizing Your Retirement Income Without Running Out

The Happiness in Retirement® Hour · Feb 20, 2025 · 20m · transcript

In this episode of the Happiness in Retirement podcast, I delve into the crucial topic of determining a safe withdrawal rate from your retirement portfolio. We explore the complexities of retirement planning in the real world, where factors like inflation, taxes, market volatility, and longevity risk come into play.

I begin by painting a hypothetical scenario where everything is perfect—no inflation, no taxes, and guaranteed returns—before transitioning to the realities we face. We discuss the concept of sequence of return risk and how it can significantly impact your retirement savings.

I…