Perfecting the 4% Rule With Michael Kitces Ratcheting Withdrawals Strategy

START INVESTING FOR FREE: 📈 M1 Finance - https://m1finance.8bxp97.net/NextLeve... SUPPORT THESE VIDEOS: 🎬 Patreon -   / nextlevellife   GET YOUR FREE AUDIOBOOKS: 🎧 Audible FREE Trial (Includes FREE Audiobook) - https://amzn.to/2zEFqhT 📘 My Favorite Books - https://thefinancialghost.com/books/ START YOUR OWN SIDE HUSTLE: 💻 Bluehost (Start Your Own Website) - https://www.bluehost.com/track/nextle... 📧 ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ 📷 TubeBuddy (Grow Your Own YouTube Channel) - https://www.tubebuddy.com/NextLevelLife 🥈 VidIQ (Alternative to TubeBuddy) - https://vidiq.com/#_l_1ra Perfecting the 4% Rule With Michael Kitces' Ratcheting Withdrawals Strategy: Most market environments that retirees will experience will not be nearly as bad as the Great Depression or the stagflationary 1970s on which the traditional 4% rule was based. Therefore, most retirees who follow the rule of thumb will leave a lot of money on the table. To correct for this we can periodically ratchet up our retirement withdrawals when certain conditions are met. Today we discuss one of my favorite variations on the 4% rule known as the Ratcheting Withdrawal strategy. SUBSCRIBE FOR WEEKLY FINANCE VIDEOS:    / @nextlevellife   WANT TO LEARN MORE ABOUT MONEY? All of my Personal Finance videos: https://goo.gl/3qMbXW All of my Financial Independence & (Early) Retirement Videos: https://goo.gl/R5JU8E All of my Stock Market & Investing Videos: https://goo.gl/swSUQN All of my Debt-Related Videos: https://goo.gl/9HkrtF All of my Budgeting Videos: https://goo.gl/D3iiSn All of my Side Hustles/How to Make More Money Videos: https://goo.gl/oQui48 All of my Book Summaries: goo.gl/xmWeaD SUPPORT THIS CHANNEL: 🎬 Patreon (Exclusive Content From Me) -   / nextlevellife   📈 M1 Finance (Start Investing Today) - https://m1finance.8bxp97.net/NextLeve... 🛒 You Need A Budget (Excellent Budgeting Software) - https://www.youneedabudget.com/ BOOKS & EDUCATIONAL RESOURCES: 🎧 Audible FREE Trial (Includes FREE Audiobook) - https://amzn.to/2zEFqhT 📘 My Favorite Books - https://thefinancialghost.com/books/ 📺 Skillshare (Affordable Online Video Classes) - skillshare.eqcm.net/NextLevelLife START YOUR OWN SIDE HUSTLE: 💻 Bluehost (Start Your Own Website) - https://www.bluehost.com/track/nextle... 🥈 Wix (Alternative to Bluehost) - https://wixstats.com/?a=30171&c=2611&s1= 📧 ConvertKit (Build Your Business) - https://convertkit.com?lmref=cdSVnQ 📷 TubeBuddy (Grow Your Own YouTube Channel) - https://www.tubebuddy.com/NextLevelLife 🥈 VidIQ (Alternative to TubeBuddy) - https://vidiq.com/#_l_1ra 👮‍♂️ NordVPN (Protect Yourself & Your Business Online) - https://go.nordvpn.net/aff_c?offer_id... 🙋‍♂️ Fiverr (Hire Freelancers to Help Scale Your Business) - https://track.fiverr.com/visit/?bta=5... 👍 Grammarly (Free online Grammar Checker) - https://grammarly.go2cloud.org/aff_c?... OTHER RECOMMENDATIONS: 👕 Check Out My Merchandise (Shirts) - https://teespring.com/stores/next-lev... #PersonalFinance #Wealth #Money Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.