The 4 percent rule gained steam through the mid 1990s as a way to ensure your retirement lasts throughout your retirement years. I sat down with Derek Tharp, Ph.D., CFP®, CLU® assistant professor at the University of Southern Maine also known as the “Retirement Professor”, to discuss why he believes in a more dynamic approach to retirement spending.

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Links:
- Follow Derek Tharp on Youtube:    / @retirementprof  
- “The Retirement Distribution “Hatchet”: Using Risk-Based Guardrails to Project Sustainable Cash Flows” by Justin Fitzpatrick and Derek Tharp - https://www.kitces.com/blog/risk-base...
- “How Communicating Guardrails Withdrawal Strategies Can Improve Client Experience And Decrease Stress” by Derek Tharp - https://www.kitces.com/blog/retiremen...
- Derek Tharp, "Retirement Professor" - www.retirementprof.com
- "Retirement Revealed" podcast interview with Justin Fitzpatrick - https://keilfp.com/blogpodcast/7-tips...

Chapters:
0:00 Busting the 4% Rule Myth with Derek Tharp
3:30 95%+ Success Rate Retirement
11:24 What is the Goal in Retirement Savings?
17:12 Risk-Based Guardrails vs 4% Rule
22:52 It's OK to Adjust Your Plan
30:00 How Will You Retire?

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Maximize Your Retirement Income!
Lower Your Lifetime Tax Bill
Avoid Mistake with Your Pension
Get the Most out of Social Security

Don’t miss out on the money you deserve in retirement – just because you got the timing wrong!

If you’re trying to find the answers to these questions:
- How do I get the most money out of my Social Security & Pension?
- How do I lower my lifetime tax bill?
- How do I turn my $500k+ retirement savings into retirement income?
Then schedule an intro call with the team at Keil Financial Partners:
https://calendly.com/d/3wq-24m-d4p
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Jeremy Keil, aka “Mr. Retirement” and Keil Financial Partners offer retirement planning services focused on retirement income and tax planning, Social Security and pension claiming decisions, health & life insurance analysis and estate planning strategies.
For important disclosures, see www.keilfp.com/important-disclosures