{"podcast":{"title":"Retire With Style","slug":"retire-with-style-5225834","podcast_index_feed_id":5225834,"rss_url":"https://feed.podbean.com/retirewithstyle/feed.xml","website_url":"https://retirewithstyle.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/13684325/Retire_with_Style_Cover87fom.jpg","author":"Wade Pfau & Alex Murguia","episode_count":100,"summary":"The purpose of Retire With Style is to help you discover the retirement income plan that is right for you. The first step is to discover your retirement income personality. Your hosts Wade Pfau, PhD, CFA, RICP and Alex Murguia, PhD walk you through creating and implementing a retirement plan that will help you reach your goals, and that you’ll be able to stick with. Start by going to risaprofile.com/style and sign up to take the industry’s first financial personality tool for retirement planning.","last_synced_at":"2026-07-22T08:21:31.121809+00:00","page_url":"https://stenobird.com/podcast/retire-with-style-5225834"},"episode":{"title":"Episode 232: Is 4.7% the New Safe Withdrawal Rate?","slug":"episode-232-is-4-7-the-new-safe-withdrawal-rate","published_at":"2026-06-09T16:20:45+00:00","page_url":"https://stenobird.com/podcast/retire-with-style-5225834/episode-232-is-4-7-the-new-safe-withdrawal-rate","show_page_url":"https://stenobird.com/podcast/retire-with-style-5225834","url":"https://retirewithstyle.podbean.com/e/episode-232/","audio_url":"https://op3.dev/e/mcdn.podbean.com/mf/web/cc6guxnf5aus77u3/Episode_232_Is_47_the_New_Safe_Withdrawal_Rate7zjpn.mp3","summary":"In Part 1 of this live Q&A episode of Retire With Style, Wade Pfau and Alex Murguia answer listener questions covering reverse mortgages, retirement withdrawal rates, Roth conversion strategies, tax-efficient retirement income planning, asset allocation decisions, and bond ladders. The discussion emphasizes that retirement planning rarely has one-size-fits-all answers, highlighting the importance of balancing taxes, investment risk, spending flexibility, and personal preferences. Wade also shares practical rules of thumb for effective marginal tax rates, explains why TIPS ladders can serve as a benchmark for safe withdrawal rates, and discusses how different portfolio allocations may lead to surprisingly similar retirement income outcomes despite varying levels of volatility. Listen now to learn more! Takeaways Paying down a reverse mortgage (HECM) is generally optional, but doing so can increase future borrowing capacity through a larger line of credit. Building retirement income ”buckets” does not necessarily require moving money out of a 401(k); short-, medium-, and long-term buckets can often be created within the account itself. Most retirees would not benefit from withdrawing money from a tax-deferred account simply to build a taxable account, as it usually creates unnecessary taxes. Tax planning is largely about smoothing taxable income over time rather than creating large swings in income from year to year. For many retirees with less than roughly $3 million in assets, targeting a 12% effective marginal tax rate can serve as a useful rule of thumb when evaluating Roth conversions. Based on current TIPS yields, a 30-year inflation-adjusted TIPS ladder could support an estimated safe withdrawal rate of about 4.7%. Spending flexibility can often support higher wit…","meta_description":"In Part 1 of this live Q&A episode of Retire With Style, Wade Pfau and Alex Murguia answer listener questions covering reverse mortgages, retirement withd…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2046,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/retire-with-style-5225834/episodes/episode-232-is-4-7-the-new-safe-withdrawal-rate/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/retire-with-style-5225834/episode-232-is-4-7-the-new-safe-withdrawal-rate.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}