How much can you safely spend in #retirement? Is the four percent rule outdated? Today on Your Money, Your Wealth® podcast 450, Joe Anderson, CFP® and Big Al Clopine, CPA spitball on a safe retirement distribution rate for those in the 5560 age range for Clay in Ohio. They also spitball on withdrawal rates when there’s a pension in the mix for Johnny and June in the Bay Area of California, and for William in Maryland, who is concerned he might be exposing himself to sequence of returns risk by spending too much in early retirement. Plus, when does Dan have to take required minimum distributions from the IRA he inherited from his Dad in 2021? Finally, Wayne in San Diego wants to know how to protect his bank accounts from FedNow, the Federal Reserve’s new peertopeer payment system (kinda like Venmo, but not). Podcast show notes, free financial resources, episode transcript: https://bit.ly/ymyw450

00:00 Intro
00:53  What’s a Safe Retirement Distribution Rate? (Clay, OH)
07:05 Withdrawal Strategy Guide free download:
https://purefinancial.com/whitepaper...
Withdrawal Trap Doors: How to Avoid Them!
https://purefinancial.com/ymyw/episod...
07:57 Can We Retire at Ages 50 and 48? (Johnny & June, East Bay, CA)
19:01 Spitball My Retirement Withdrawal Rate (William, MD)
23:54 EASIRetirement.com new free retirement calculator! http://EASIRetirement.com/?utm_source...
24:50 When Am I Required to Take Money From My Inherited IRA? (Dan)
28:54 How to Protect Money From FedNow? (Wayne, San Diego)
32:37 The Derails

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CFP® The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
AIF® Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional oneyear study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.