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Podcast: The Financial Quarterback®: Your Game Plan to Protect Your Money and Retirement for Business and Investing
Episode: FROM THE ARCHIVES: Wade Pfau Helps You Maximize Your Retirement Mileage
Description: Original Air Date: 10-21-17In this episode, Josh welcomed retirement researcher Wade Pfau to delve into his book, "How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies." Pfau critiqued the traditional 4% rule as outdated due to the current low interest rates and market volatility, suggesting a more conservative 3% as a safer withdrawal rate. He underscored the importance of considering factors like longevity, lifestyle, legacy, and liquidity in retirement planning.Pfau and Jalinski discussed alternative strategies such as time segmentation, which involves creating a bond ladder for...