How To Never Run Out of Money - Safe Withdrawal Rate RESULTS - Ep. #36

Do you know what percent of your nest egg is safe to pull out during retirement? What have you heard about safe withdrawal rates? Jay shares his own personal research results from his Monte Carlo based study with various withdrawal percentages and portfolio mixes. Beyond just covering updated fixed safe withdrawal rates? Jay dives into financial guardrails and strategies that can help you reduce your exposure to risk in retirement. If you understand your retirement strategy, you can life without ever running out of money.

In the today's story, Jay shares how he learned how to use Microsoft Excel from a FREE program at the library. This skill has proved very valuable in many aspects of his life. What free resources do you have available for learning new valuable skills?

The budget tip of the day is to save for retirement over spending in your "lifestyle" categories living in your budget. It's natural to want that subscription now, but should entertainment today be prioritized living with dignity tomorrow? Are your needs today preventing you from saving enough in general?

Our listener question asks how you can afford housing these days!? Jay gives some very practical advice - even if it may not be the advice you want to hear!

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Music: "Take Me Higher" by Jahzzar

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