The Retirement Mistake 80% of Investors Make (with Vanguard's Lead Researcher)

Vanguard just released research showing the most important factor in retirement is not how much you saved. It is how much you withdraw every single year and most people have no idea what that number should be.

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What You'll Learn in This Episode

• Why your retirement balance is not what determines success and what actually does
• How reducing your withdrawal rate by just half a percent can add up to five years to how long your money lasts
• Why longevity is actually a bigger risk to your retirement than a stock market crash
• The default account withdrawal order that can cut your lifetime tax bill by 14%
• When Roth conversions actually make sense and the specific window most retirees completely miss
• How dynamic spending and guardrails let you spend more in good years without blowing up your plan in bad ones
• The one thing Vanguard says people five years from retirement should change immediately

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Resource/s Mentioned

• Vanguard’s Research Library - https://corporate.vanguard.com/content/corporatesite/us/en/corp/what-we-think/investing-insights/research-library.html
• Vanguard’s Retirement Income Research Paper - https://corporate.vanguard.com/content/dam/corp/research/pdf/vanguard_principles_retirement_income.pdf

Episode/s Mentioned

• This is THE BIGGEST RISK to Your Retirement Portfolio https://youtu.be/7gXKEy66-bA

Watch Next

• How Much More Expensive Has Life ACTUALLY Become Since 2020? https://youtu.be/_n8qUA3NsoI
• Chasing a Higher Savings Rate, Semi-Retiring in Our 40s & Rebuilding After Bankruptcy (Money Q&A) https://youtu.be/OobdeA8qYbA
• The Best and Worst Frugal Habits (Ranked!) https://youtu.be/_FKJfAjTi-I
• She Hit Rock Bottom and Still Built a Six-Figure Life. Here's How. (With Rebecca Whitman) https://youtu.be/wBACCFI2w5s
• How do Your Finances Compare by Age?! (Salary, Debt, Net Worth, Credit, Home) https://youtu.be/Z10g-yd76nk

Connect with Garrett

• LinkedIn →⁠ ⁠⁠https://www.linkedin.com/in/garrett-harbron-j-d-cfa-cfp%C2%AE-867647a

Connect with Andrew

• Website →⁠ https://mastermoney.co ⁠
• Instagram → ⁠https://instagram.com/mastermoneyco ⁠
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• TikTok → ⁠https://tiktok.com/@mastermoneyco ⁠
• LinkedIn →⁠ ⁠⁠https://www.linkedin.com/in/andrew-giancola-45027b340 ⁠
• YouTube → ⁠https://www.youtube.com/@mastermoneyco/⁠

Question for you:

After hearing this episode, what is the one thing you are changing about how you think about retirement income? Drop it in the comments and tell us what you are doing differently starting this week.

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