Tyler Gardner
speaker
4,362 appearances
10 recordings
1 series
first heard Jun 2026
last heard 7 Sep
Tyler Gardner’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 10 in all, peaking in Aug 2026 with 5.
Appearances
As the market moves up or down, you set upper and lower bounds, called guardrails, that, when crossed, trigger predefined adjustments to your spending.
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Here's how it works in practice.
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Suppose you retire with 1.5 million and set an initial withdrawal of $75,000 per year.
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That would be 5% of your starting portfolio.
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You set two guardrails, an upper guardrail at 4% withdrawal rate.
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If your withdrawal as a percentage of your current portfolio drops below 4%, you've effectively done so well that you can afford to spend more.
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So you give yourself a 10% raise, yippee, hoorah, and then you establish a lower guardrail at 6% withdrawal rate.
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If your withdrawal as a percentage of your current portfolio rises above 6%,
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your portfolio has shrunk enough that you need to tighten the belt.
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So you cut your spending by 10%.
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Bummer, but helpful.
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That's it.
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That's the framework.
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Two rules applied annually.
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What this does mathematically is dynamically adjust your spending in response to portfolio performance.
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When the market is good, spend a little more.
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When the market is bad, spend a little less.
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The cuts and raises are modest, 10% in either direction, but their cumulative effect over a 30-year retirement is enormous.
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The research on the guardrail approach shows that it can support sustainable withdrawal rates of 5% or higher compared to the more conservative 4% rule that assumes no dynamic adjustment.
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And, as you all know, the last thing I want any of us to do ever is blindly follow a rule that no longer even exists.
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Showing 1881–1900 of 4,362 · page 95 of 219
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