Ep 10 · Jul 8, 2026 · 45:03
Drawdown Without Panic
Building a withdrawal order across taxable, tax-deferred, and Roth accounts so a bad market year doesn't wreck the plan.
Show notes
- Sequence-of-returns risk explained without a single chart.
- A default withdrawal order — and the three reasons to break it.
- Guardrails: how to cut spending five percent without feeling it.
- Why rebalancing is your withdrawal strategy in disguise.
Transcript
00:00 · Host
A bad market year at 66 does far more damage than the same year at 86. That asymmetry is the whole reason drawdown order matters.
09:35 · Co-host
Default order: taxable first, then tax-deferred, Roth last. Then break it every year you have room in a low bracket.
21:15 · Host
Guardrails beat rigid rules. If the portfolio drops twenty percent, trim spending by five. You barely notice five percent.
36:50 · Co-host
And take withdrawals from whatever's overweight. You're rebalancing and funding your life in the same transaction.