Drawdown Strategies & Spending in Early Retirement - Fritz Gilbert | MHFI 315

Doug and co-host Kristen Knapp chat with Fritz Gilbert (The Retirement Manifesto) at the EconoMe Conference about various drawdown strategies and spending in early retirement.  Fritz describes how he personally implements a “bucket strategy” approach to withdrawing money by setting up a monthly “paycheck”, how decumulation differs from accumulation, and explains sequence-of-returns, inflation, & longevity risks.  The group also discusses annual financial reviews, dynamic spending guardrails, viability of DIY investors, and intentional living.

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Links

• The Retirement Manifesto
  • Blog
  • “Our Retirement Investment Drawdown Strategy”
  • “Revisiting Our Drawdown Strategy After 3 Years of Retirement”
  • “Do You Really Need a Trust? And Other Estate Planning Questions Retirees Ask Most”
  • “How To Build A Bond Ladder”
• Freedom for Fido
  • Website
  • Facebook
• Fritz Gilbert, “Keys to a Successful Retirement”
  • Kindle
  • Paperback
  • Spiral-bound
• FI Friends Travel
• Big ERN/Early Retirement Now
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s blog: Epic Financial Journey

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0:00 Introduction

5:15 Why drawdown needs a plan

8:43 The Bucket Strategy

14:52 Balancing risks & retirement readiness

20:11 The 4% Rule vs. buckets

25:43 Creating a retirement paycheck

31:04 Dynamic spending & guardrails

36:17 Potentially increased spending

41:38 DIY vs. working with an advisor

48:27 Bond ladders

53:11 Tax location matters