How the 4% Rule & RMDs Should Work Together

In today's video I answer the following question sent in by a viewer named Eileen:

Not sure if you have previously discussed this question-How does the 4% rule work in retirement once the person starts their RMD’s?  My husband waited until 70 to retire and will be taking his RMDs next year.  According to the withdraw charts, he’ll have to withdraw more than 4 percent.

It's a great question, and one that I've received from a number of viewers. We'll do a brief overview of the 4% rule and RMDs, then dive in to how they might work together. Finally, I'll cover an RMD withdrawal strategy proposed by the Center for Retirement Research at Boston College.

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Video Resources
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Can Retirees' Base Wealth Withdrawals on the IRS' Required Minimum Distribution: https://crr.bc.edu/wp-content/uploads/2012/10/IB_12-19-508.pdf
IRS RMD tables: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/UniformLifetimeTable.pdf

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#4percentrule #rmd #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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