For decades, the 4% rule has been a popular rule of thumb for retirement income planning- withdraw 4% annually from your portfolio, and your money should last 30 years. But now, the original creator of the rule is updating it. What’s changed? And should you change your retirement plan too?

Here’s some of what we discuss in today’s show:

The 4% rule is now 4.7%... should you celebrate?

Having flexibility and guardrails for your income plan

Market cycles, inflation, and risk tolerance: it all matters

Rules of thumb vs. real retirement math

Choosing a withdrawal rate that fits your plan

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How do you decide where to save your next dollar? Are you overlooking the most tax-efficient account available to you? With so many options, it’s easy to feel stuck or unsure about what makes the most sense. Not every savings option offers the same benefits, and using the right account at the right time may lead to serious tax advantages and long-term flexibility.

In today’s episode, Liz breaks down where to consider putting your next dollar—and the dollar after that—based on tax benefits, your goals, and time horizon.

Here’s some of what we discuss in today’s show:

• The order of operations for where to save
• Building an emergency fund tailored to your needs
• The triple tax advantages of HSAs
• Strategically using Roth vs traditional accounts
• What tax efficiency really looks like in practice

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Losing a spouse is an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. In this episode, we delve deep into the most common financial issues faced by widows and widowers, from dealing with income gaps to navigating tax changes as a single filer. We explore actionable strategies to address these problems, such as the importance of life insurance, the ins and outs of spousal pension continuation, and how Roth conversions can offer critical tax advantages for surviving spouses.

Here’s some of what we discuss in today’s show:

• Planning ahead to ease financial burdens after losing a spouse
• Managing income gaps: Social Security loss, pension choices, and strategies
• Understanding tax changes for surviving spouses
• Using Roth conversions to reduce future taxes
• The benefits of trusts versus wills

Avoid The Widow’s Tax Trap Video:

https://youtu.be/GZBhlwWRELQ

Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube