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Podcast: Retire With Style
Episode: Episode 213: Retirement Without Guesswork: The Four Lās and Funded Ratio Strategy
Description: In this conversation, Wade discusses the essential financial goals of retirement, encapsulated in the concept of the four L's: longevity, lifestyle, legacy, and liquidity. He emphasizes the importance of assessing financial preparedness through the funded ratio, which compares assets to liabilities. The discussion also covers safe withdrawal rates, suggesting a rate of 4.5% based on the funded ratio approach. Finally, Wade highlights the significance of implementing variable spending strategies to enhance retirement enjoyment and financial security.
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Takeaways
The four L's of retirement are longevity, lifestyle, legacy, and liquidity.
Longevity refers to essential expenses that must b...