After listening to many you tube videos, no one talks about the Uniform Lifetime Table. That table needs to be considered in your planning process for retirement. Depending on the total amount you have in your taxable accounts and the use of the table, that will determine how much you need to withdraw every year. The current table starts at 72 yrs old 3.65% and ends at 101 yrs old 16.67%. If you were to average it out, it would be around 8% per year. Why isn't the table mentioned more frequently?
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
Does modern guardrails take into account the spending with whether you want a larger estate or if you are only focused on personal enjoyment in retirement?
Thanks for your excellent content, Nick!
Thanks! You gave me a lot to think about.
After listening to many you tube videos, no one talks about the Uniform Lifetime Table. That table needs to be considered in your planning process for retirement. Depending on the total amount you have in your taxable accounts and the use of the table, that will determine how much you need to withdraw every year. The current table starts at 72 yrs old 3.65% and ends at 101 yrs old 16.67%. If you were to average it out, it would be around 8% per year. Why isn't the table mentioned more frequently?
Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
Glad it was helpful!
Does modern guardrails take into account the spending with whether you want a larger estate or if you are only focused on personal enjoyment in retirement?
Yes. Goals can be set to maximize spending vs maximize spending but also earmarking for the future estate to remain.