How much do you need to retire? How do you know how much of your retirement savings you can spend each year without running out of money? There are many calculations and advice columns dedicated to this important topic, but today, we'll focus on what could be the base of most people's initial retirement planning, the 4% rule. ⏱ Time Stamps: 00:00 Intro 01:11 How does it work? 02:26 Put To The Test 03:46 Disadvantages 06:19 Should You Use It? 07:04 Outro #wealthworkshop #personalfinance #howtoretire "If you're looking to build your wealth mindset, come on into the workshop!" ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂ What we use to track and build our wealth: ► M1 FINANCE Open an account and start investing: https://m1finance.8bxp97.net/WealthWorkshop ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂ ➤ CONTACT (for business inquiries only): thewealthworkshopofficial@gmail.com DISCLAIMER: None of this is meant to be construed as investment advice. We are not financial advisers. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share our own opinions with no guarantee of gains or losses. DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide, we may receive a small commission. At no charge to you, this supports the channel, so thank you!