Ambassador Wealth Management Power Hour
Oct 16, 2026 · 54 min · 26 segments
In this episode, Esa Jokela from Ambassador Wealth Management discusses retirement planning, the nuances of the 4% rule, income strategies, and tax-efficient Roth conversions to help listeners secure…
I know that you mentioned at the top of the show here that the 4% rule is not really the best way to live your retirement life.
calculated or have been using this four percent rule that would um if you use the four percent withdrawal rule then your retirement days should be okay but it's a little bit more complicated than that sometimes it works sometimes it doesn't um but what morningstar is saying now is that with research calculated at 3.9 starting withdrawal rate for a 30-year retirement that has a 90 probability of funds remaining assuming consistent inflation adjusted spending so that's just that's a mouthful and uh there's all kinds of uh disclaimers there, including the 90% probability of funds.
But it also means that the spending approach, should I say, it should be somewhat flexible.
And depending on what's happening with your finances, you may need to adjust a little bit and take those variations into your account.
Now, what is the I don't know, the best way to approach whether one strategy or another would be fitting? Because each family is different going into retirement and each person in the family is going to have different pieces of this puzzle to put together.
And you're absolutely correct that every family and every person, they are different, they're unique, and they have their circumstances and they have to deal with those rather than some averages of millions of people and so forth.
So the basic calculation is that you have to have your fixed You have to be comfortable with your fixed expenses that you have every single month, no matter what.
So you want to make sure that all of that is covered with a steady paycheck coming from somewhere.
Yeah, and that paycheck is coming from, okay, so you're getting part of it from Social Security.
then you you may be if you're fortunate enough to have a pension part of it may be coming from a pension and then the the the gap uh between what you want to spend and uh what you have coming in is what you have to fill in from some other sources and that may be uh rental income it may be dividend income, it may be interest income, it may be you creating a paycheck through some kind of income annuity program, whatever it is, that's how you kind of build it.
The retirement paycheck looks a little bit different than what people are accustomed to.
People may be accustomed to just collecting one paycheck weekly or monthly or however you do it.
I know that you mentioned at the top of the show here that the 4% rule is not really the best way to live your retirement life.
calculated or have been using this four percent rule that would um if you use the four percent withdrawal rule then your retirement days should be okay but it's a little bit more complicated than that sometimes it works sometimes it doesn't um but what morningstar is saying now is that with research calculated at 3.9 starting withdrawal rate for a 30-year retirement that has a 90 probability of funds remaining assuming consistent inflation adjusted spending so that's just that's a mouthful and uh there's all kinds of uh disclaimers there, including the 90% probability of funds.
But it also means that the spending approach, should I say, it should be somewhat flexible.
And depending on what's happening with your finances, you may need to adjust a little bit and take those variations into your account.
Now, what is the I don't know, the best way to approach whether one strategy or another would be fitting? Because each family is different going into retirement and each person in the family is going to have different pieces of this puzzle to put together.
And you're absolutely correct that every family and every person, they are different, they're unique, and they have their circumstances and they have to deal with those rather than some averages of millions of people and so forth.
So the basic calculation is that you have to have your fixed You have to be comfortable with your fixed expenses that you have every single month, no matter what.
So you want to make sure that all of that is covered with a steady paycheck coming from somewhere.
Yeah, and that paycheck is coming from, okay, so you're getting part of it from Social Security.
then you you may be if you're fortunate enough to have a pension part of it may be coming from a pension and then the the the gap uh between what you want to spend and uh what you have coming in is what you have to fill in from some other sources and that may be uh rental income it may be dividend income, it may be interest income, it may be you creating a paycheck through some kind of income annuity program, whatever it is, that's how you kind of build it.
The retirement paycheck looks a little bit different than what people are accustomed to.
People may be accustomed to just collecting one paycheck weekly or monthly or however you do it.
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