Stop Using the 4% Rule.. It Will Ruin Your Retirement

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Lever Wealth Management is the financial advisor for individuals who scare other financial advisors. We provide full service Wealth Management for inquisitive, detailed, and successful families who are looking for a thought partner on a flat fee basis.
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As a Chartered Financial Analyst Charterholder and Certified Financial Planner Practitioner who meets with families daily, I see every type of situation from clients. Today, I tell a quick story about a client who focused too much on the 4% rule, and how it is simply a rule of thumb which most likely doesn't apply to you. I hope you find today's video both informative and educational.

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DISCLAIMER: These videos are only education. They are not specific tax, legal or investment advice. Before considering acting on anything you see in these videos, first consult with your tax, legal or investment advisor. While the information expressed in these videos is believed to be accurate, neither Andrew Fallwell CFA, CFP® nor Lever Wealth Management, LLC make any guarantees to its accuracy.

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[northwestboy]

I agree with much of what you said. If you want people to take you seriously, consider not using inflammatory or over-the-top phrases like "ruin your retirement". It weakens the value of your message.

[rickstephan]

It's a rule, and rules have exceptions.

[unclefester]

Not a rule. Just a rough starting point.

[markwetzel]

You contradicted yourself. You said if you have a 40-50 year time horizon and you follow the 4% rule you will run out of money period. Full stop. You just gave a rule of thumb without knowing the specific situation which is what you said people shouldn’t do.