Retirement Made Easy: The 4% Rule Explained
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- Опубликовано: 1 июн 2024
- Are you looking for a reliable, tried-and-tested strategy for planning your retirement savings? This video is a comprehensive guide on the 4% Rule - a principle that has shaped retirement planning for decades. In this video, we deep-dive into everything you need to know about the 4% rule, why it's considered one of the best strategies for maximizing retirement income, and how you can effectively implement it in your financial planning.
What You'll Learn in This Video:
* Introduction to Retirement Planning:
We begin with a brief overview of retirement planning and the importance of choosing a dependable strategy for securing your financial future.
*The 4% Rule Explained: Discover the origins of the 4% Rule, how it works, and the reasoning behind its development. We'll also address common critiques and controversies surrounding this rule.
* Influences on the 4% Rule: Understand how market conditions, inflation, and your portfolio's composition can impact the effectiveness of the 4% Rule in your retirement planning.
*Calculating Your Retirement Requirements: Learn how to assess your current and future expenses to estimate the length of your retirement and determine the necessary size of your retirement nest egg.
* Pros and Cons of the 4% Rule: We'll cover the historical success of the 4% Rule, its flexibility, and the peace of mind it can offer, alongside potential challenges and limitations.
This video aims to empower you with a clear understanding of the 4% Rule and provide you with the necessary tools to maximize your retirement income effectively. Whether you're just starting to save for retirement or looking to refine your existing strategy, this guide is for you.
Additional Resources for Further Reading:
For more in-depth information about the 4% Rule and safe withdrawal rates, check out Investopedia's comprehensive guide: www.investopedia.com/terms/s/...
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// TIMESTAMPS
► 0:00 Intro
► 1:12 What is the 4% Rule?
► 3:39 Factors To Consider
► 5:25 Calculation of Retirement Funds
► 7:30 How to Implement The 4% Rule
► 8:40 Pros of the 4% Rule
► 9:40 Cons of the 4% Rule
► 11:00 Outro
Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.
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The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
It certainly pays to start as soon as possible. It's a shame more kids aren't taught financial literacy at a young age to start compounding their retirement savings early. Thanks for watching!
Hi Brent, Nice Video. Can you do a video about buying bonds in NZ?. Cheers, Mark
Thanks! I'll add it to the list!
Hi Brent or follower can you please answer my question? Why do we invest in smartshare when sharesies offers cheaper fees options with other American providers? Example Smartshares US 500 ETF ticker symbol USF has a fee of 0.30% when Voo (i think Vanguard) which is basically the same has got a a fee of 0.04%. i just don't get it. Can anyone explain this to me?
Hey! It’s a good question with a few possible reasons. First, Smartshares are NZ-domiciled, meaning you won’t face Sharesies currency conversion fees of 0.5% like you would investing overseas directly. Second, they’re also a PIE meaning they have advantages tax-wise in NZ. Third, many investors are worried about FIF tax law in NZ when they invest over NZ$50k abroad. Investing in Smartshares acts as a “NZ-wrapper” that means they’re exempt but still get the overseas exposure. Hope this helps!
Very clear thank you
The 4% rule is a relic of an earlier time when people died in their 70's. The average age of my parents and wife's parents is 92. My father retired at age 65 and stands a real chance of outliving his retirement.
It's certainly an interesting concept. There are many factors in today's age which raise a lot of questions such as inflation and longer life expectancy. Thanks for watching!
I really enjoy your videos. Are you able to make one about how to withdraw your money in retirement please?
Thanks for the support Chris! It depends where your money is invested. If you've invested through a superannuation scheme like KiwiSaver, generally you can withdraw funds by contacting your fund manager (e.g. ANZ, Milford, Simplicity, AMP). If your retirement funds are in a broker such as Sharesies, Hatch or Kernel, you can simply sell your holdings and withdraw funds once the sale proceeds have landed in your account balance on the platform. Any local bank account can be used for this! Hope this helps!