How to Fund an Early Retirement (Beyond the 4% Rule)

Most people save without knowing their real "why." Free exercise for Canadians to find it. https://research-tools.pwlcapital.com/research/goals?utm_source=research&utm_medium=planningtools&utm_campaign=ben_yt The 4% rule for retirement income planning is wildly popular, but fatally flawed. In this video I explain why retirement income planning the “nastiest, hardest problem in finance” and why the seemingly simple solution of the 4% rule is one of the worst ways to solve the problem. NYT Article: https://www.nytimes.com/2020/04/02/style/fire-movement-stock-market-coronavirus.html Referenced in this video: - How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies: https://amzn.to/2LicSQ7 - Determining Withdrawal Rates Using Historical Data: https://www.onefpa.org/journal/Documents/TheBestof25YearsDeterminingWithdrawalRatesUsingHistoricalData.pdf - Retirement Savings: Choosing a Withdrawal Rate That Is Sustainable: https://www.aaii.com/files/pdf/6794_retirement-savings-choosing-a-withdrawal-rate-that-is-sustainable.pdf - Equity Risk Premiums (ERP): Determinants, Estimation and Implications:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3378246 - The 4% Rule—At What Price?: https://web.stanford.edu/~wfsharpe/retecon/4percent.pdf - A rule for all seasons: Vanguard’s dynamic approach to retirement spending: https://www.vanguardcanada.ca/documents/literature/dynamic-ret-spending-paper.pdf ------------------ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix - LinkedIn: https://www.linkedin.com/in/benjaminwfelix/ Visit Rational Reminder: https://www.https://rationalreminder.ca/ Follow the Rational Reminder on: - Twitter: https://www.twitter.com/RationalRemind Visit PWL Capital: https://www.pwlcapital.com/teams/passmore-felix/ Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIn: https://www.linkedin.com/company/pwl-capital/ You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz Apple Podcasts: https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2 Spotify Podcasts: https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA ------------------