In this episode, Eric addresses the common fear of running out of money in retirement, discussing the limitations of the 4% rule and offering strategies for sustainable retirement income. He emphasizes the importance of diversified income streams, budgeting, and consulting with a financial planner to create a customized retirement plan that can adapt to changing market conditions.Takeaways:Running out of money in retirement is a common fear.The 4% rule may not be suitable for everyone.Interest rates and market conditions affect withdrawal strategies.Sequence of return risk can impact retirement savings.Inflation can significantly reduce purchasing power over time.Diversified income sources can provide financial stability.Budgeting is essential for managing retirement expenses.A customized financial plan can adapt to market changes.Consulting a financial planner can help tailor strategies.Understanding your safe withdrawal rate is crucial.Watch videos at https://www.youtube.com/@eerod10Learn more about Eric and WealthBuilders at https://wealthbllc.comMusic by @jaywash https://soundcloud.com/washjay

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