The traditional rules of retirement planning have changed dramatically in recent decades, calling for new strategies to generate plans for reliable income regardless of market conditions. Increased market volatility since 2000 has rendered the old "4% rule" obsolete, now reduced to 2.8%, while tax implications, sequence of returns risk, and the shift from pensions to 401(k)s create additional challenges.• Market volatility has increased significantly: 1980-1999 averaged 17.75% returns vs. just 6.06% from 2000-2020• The 4% withdrawal rule has been reduced to 2.8%, which means larger portfolios are needed to generate the same income• Withdrawing from market-based accounts during downturns locks in losses that may never recover• Most 401(k) balances are pretax, meaning you must subtract 20-40% to account for taxes• Creating a "bucket strategy" with different accounts for different purposes can provide stability• Guaranteed income sources like properly structured annuities can replace the pension leg of retirement• Consider using precious metals as "wealth insurance" that often performs well during market uncertainty• Delay Social Security when possible in hopes of maximizing guaranteed lifetime income• Work with a fiduciary who understands income planning, not just accumulation strategiesCall 770-980-9262 or visit masterplanretire.com to schedule a complimentary consultation to review your retirement income strategy.Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at [email protected] or call 770-980-9262.https://masterplanretire.com/Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodesListen to Mark Fricks on SaturSend us a textVisit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation.Call 770-980-9262 to speak directly with someone about your retirement planning needs. https://masterplanretire.com/Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodesListen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3 FM WFOM.Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/eventsPurchase Mark’s book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime, on Amazon: https://a.co/d/4fx94Al Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.

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