Rules of thumb can oftentimes be helpful when trying to complete a task. However, there are some tasks—such as retirement planning—where rules of thumb won't yield the best possible results. That's because retirement planning needs to be unique to each person. An example of one of those retirement planning rules of thumb is the 4% rule for a safe withdrawal rate. The term safe withdrawal rate refers to how much retirees can take out of their retirement accounts on an annual basis without potentially outliving their money. Dean Barber and Bud Kasper, CFP®, AIF® are going to help us review a 2023 Morningstar study about safe withdrawal rates and provide more background on the 4% rule. Retirement Plan Checklist: https://bit.ly/3T6QTQm Financial Planning Tool: https://bit.ly/3Rw0iP9 Meet with Us: https://bit.ly/41duNNS Morningstar State of Retirement: 2023: https://www.morningstar.com/lp/the-state-of-retirement-income Busting Retirement Rules of Thumb: https://youtu.be/pHV0kG9xOdc 7 Reasons People Run Out of Retirement Money: https://youtu.be/nTUjhFpEgu8 Don't Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc Stress Testing Your Financial Plan: https://youtu.be/hN42aRqv-1g 5 Long-Term Strategies for a Better Retirement: https://youtu.be/2vo8Jt9hUYc Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE 5 Questions About Long-Term Care Insurance: https://youtu.be/DF6v83HkxWg

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