02:10 - The disadvantages of fixed withdrawal rates
03:07 - What do the Kelly Criterion, Jelly Roll Kelly and Kelly Clarkson have to do with this?
07:37 - How variable withdrawal strategies can help sustain a retirement portfolio longer
09;25 - Why not just adjust withdrawal rates with annual changes in portfolio value?
11:35 - How to evaluate variable withdrawal rate strategies?
13:08 - The benefits of looking at retirement in stages
14:20 - Decision rules and actuarial methods
16:15 - How RMD calculations work
18:18 - The Guyton Klingler strategy
22:58 - Blending decision rules and actuarial methods
24:46 - Using variable withdrawal strategies in the real world
29:54 - Life is complicated, retirement strategies need to be able to handle it.
31:14 - Episode summary
ABOUT THE PODCAST
Learning how to be a financial planner is one thing. Doing it is another. Follow along with new financial planners Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau) as experienced veteran Matt Zeigler (@cultishcreative) helps them navigate the complex world of financial planning and learn about the most important topics that impact all of our financial futures. From investments to retirement to college planning to estate planning to insurance and beyond, we will cover the major financial planning issues that impact all of our lives and will provide a framework to help investors tackle them. We hope you will join us on our learning journey.
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