6 Withdrawal Strategies That Stretch Your Retirement Savings 📈 - (NEW Data)
75,920
Published 2023-12-08
Timestamps:
0:00 NEW State of Retirement Income Report
1:24 Assumptions Used in this Research
2:26 Withdrawal Strategy #1
4:50 Withdrawal Strategy #2
6:35 Withdrawal Strategy #3
7:43 Withdrawal Strategy #4
10:26 Withdrawal Strategy #5
12:56 Withdrawal Strategy #6
14:35 Summary Data and Adjusting Variables
16:49 2 Ideas to Expand on Withdrawal Strategy Data
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All Comments (21)
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
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I have to admit, your channel goes into much more detail and analysis than most. Very, very good information and knowledge on the topic. You mentioned some terms I never heard or considered (hence why I am subscribed). Excellent work.
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Thank you for this clear presentation!!
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Thanks Eric for another great video. I'll watch it a few times so I can digest it all. Thanks for sharing this informaiton and explanations. Larry, Central Valley, Ca.
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Love the detail, clarity and relevance of your content, thank you
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very helful. very well done. congrats!
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Very Useful Content. Thank You.
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Thanks, Safeguard Wealth Management, for the abundance of great content you have produced in 2023. Learning has never been so fun!
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I think this the only youtube channel that has me taking notes. Thanks for all the thoughful info.
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Great Video!
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I finally understand the 4% rule.......great video thanks
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Great video! So many people are too rigid about the 4% rule as if that's the only way it works.
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Very. Valuable.
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Great summary / update. Nice job contrasting the associated characteristics with each tactic.
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Great information, Eric - as usual. Thank you for sharing this!
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You're absolutely right! You make a very valid point when you stated that the marginal utility factor needs to be adding to the calculations somehow.
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This video is one of my personal favourites in explaining the different strategies. Personally I have decided to forgo positive inflation adjustments for now. I will be 66 soon and my government benefits plus a modest pension take care of all of my bills, not including vacations. I am Canadian and am trying to keep my withdrawals to an amount that will avoid clawbacks on my age amount deduction. I have the Canadian version of a Roth to draw from if I need extra cash for unforeseen costs. Furnace, car, etc….
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Need more videos on disconnecting Social Security from withdrawal. For example, retiring at 65 but not collecting SS until 70. This heavily front loads the withdrawals, but makes a lot of sense.
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Would have been good to have a link to the paper the video is based on
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Yes as several on here note, these wirhdrawal strategies are often not real world. If you retire before drawing SS, your needs will vary tremendously over time. We are in that situation. Wife started her SS early at 63, I’m waiting till 70. We are using the portfolio to bridge to both payments. After that our “needed” portfolio income will drop to near zero. Before that it is much higher than 4%. I would say the 30 year withdrawal strategies described, actually apply to a minority of retirees.
