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Podcast: Retire Today
Episode: Busting the 4% Rule Myth with Derek Tharp
Description: Discovering how the âRetirement Spending Hatchetâ provides a problem for the 4 percent rule and why Derek Tharp suggests risk-based guardrails offer a more dynamic way to respond to risks in retirement.
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., CFPÂŽ, CLUÂŽÂ assistant professor at the University of Southern Maine also known as the âRetirement Professorâ, to discuss why he believes in a more dynamic approach to retirement spending.Â
The 4% Rule: An Outdated Approach?
The 4% rul...