Can YOU Afford to Retire? The 4% Rule for 2024

Can YOU Afford to Retire? The 4% Rule for 2024 - Join us as we discuss Bill Bengen’s renowned 4% rule, and if his strategy is still relevant in 2024. Discover its origins, implications, and its adaptability in today's financial landscape.

In this video we’ll explain what the 4% rule is. Discuss underlying assumptions. Answer the question as to whether the rule always works. Examine if taxes and fees are included in Bengen’s research. Consider varying time horizons. Talk about worst case scenarios, such as market crashes at retirement. And finally, how we approach financial planning in light of the 4% rule.

From market volatility to longevity risks, we untangle the complexities and provide insights to help you navigate your financial path with confidence.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.