Robert Brokamp

speaker

4,580 appearances 41 recordings 3 series first heard Oct 2025 last heard 3d ago

Robert Brokamp’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.

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Motley Fool Hidden Gems Investing · Declare Your Financial Independence! · 4 Jul 2026 podcast

And Buck just retired, so it worked for him.

I'll touch on a related rule of thumb.

This rule of thumb is 20% for savings, but that's savings for everything.

When it comes to retirement, another rule of thumb is that 15% should be saved for retirement.

And that would include your match.

So if you get a 5% match from your employer, you just have to put in the 10% to get the 15%.

I think it's a good starting point.

I would just say that it assumes you are starting to retire or save for retirement at some point, maybe in your 20s, maybe early 30s.

So if you're getting a late start on saving for retirement, maybe it has to be a little bit more than that if you want to retire in your mid-60s.

And then I feel like when it comes to rule of thumbs, we have to, of course, touch on the old 4% rule.

And we've talked about it a lot on this show in the past.

You know, it started in 1994 with a report from Bill Bengen.

He has since come out with a book saying 4.7% is really the worst case scenario.

If he were retiring today, he would choose 5, 5.5%.

And there's other reports that have found that 4% is probably too low.

I'm just going to highlight one that just recently came out by David Blanchett of PGM.com.

It's entitled Rethinking Safe Initial Withdrawal Rates.

And I thought this was interesting because he decided that you could provide guidance on safe withdrawal rates based on how much of your portfolio needs to cover essential expenses.

So he found that if you need to cover all your essential expenses with a portfolio for a 30-year retirement, safe withdrawal rate should be 4.4%.

maybe a moderate amount would be 4.9%, or if you have a lot of flexibility in your portfolio, 5.6%.

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