What is the 4% Safe Withdrawal Rule?

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show.What is the 4% safe withdrawal rule? It's often talked about and cited in social media posts, blogs, and books. But where does it come from? What do you do with it? When is it useful and when is it not useful? Evon talks about the research behind the 4% sustainable withdrawal amount, its limitations, what it's useful for, and other helpful takeaways from the research. Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at [email protected] out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. Resources mentioned on this episode:The Optometry Money Podcast Ep. 22: How to Track Progress Toward Financial IndependenceDetermining Withdrawal Rates Using Historical Data - Bill Bengen (1994)Retirement Savings Choosing a Withdrawal Rate That is Sustainable (Trinity Study 1998)Creator Of 4% Rule Says New Withdrawal Target Is 4.7%Estimating Changes In Retirement Expenditures And The Retirement Spending Smile - Michael Kitces (2014)The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.