Derek Tharp: An Alternative Approach to Calculating In-Retirement Withdrawals

<p>Our guest on the podcast today is financial and retirement planning expert Derek Tharp. Derek is an assistant professor of finance at the University of Southern Maine, and he’s also lead researcher at <a href="http://kitces.com/" target="_blank">Kitces.com</a> where he writes about a broad range of financial and retirement planning matters. In addition, Derek is a senior advisor at Income Lab and he’s president of a private wealth management firm called Conscious Capital. Derek received his bachelor’s degree in finance from Iowa State University and his doctorate in personal financial planning from Kansas State University. He’s a certified financial planner, and he’s also a chartered life underwriter.</p><p>Background</p><p><a href="https://derektharp.com/">Bio</a></p><p>Retirement Withdrawal Rates</p><p>“<a href="https://www.kitces.com/blog/risk-based-monte-carlo-probability-of-success-guardrails-retirement-distribution-hatchet/">The Retirement Distribution ‘Hatchet’: Using Risk-Based Guardrails to Project Sustainable Cash Flows</a>,” by Derek Tharp and Justin Fitzpatrick, <a href="http://kitces.com/" target="_blank">kitces.com</a>, Nov. 24, 2021.</p><p>“<a href="https://www.kitces.com/blog/probability-of-success-driven-guardrails-advantages-monte-carlo-simulations-analysis-communication/">Using Probability-of-Success-Driven Guardrails to Manage Safe Retirement Spending</a>,” by Derek Tharp, <a href="http://kitces.com/" target="_blank">kitces.com</a>, March 3, 2021.</p><p>“<a href="https://www.morningstar.com/articles/1132132/with-retirement-spending-plans-the-odds-are-stacked-in-the-investors-favor">With Retirement-Spending Plans, the Odds Are Stacked in the Investor’s Favor</a>,” by John Rekenthaler, <a href="http://morningstar.com/" target="_blank">Morningstar.com</a>, Jan. 13, 2023.</p><p>“<a href="https://www.morningstar.com/podcasts/the-long-view/170">Justin Fitzpatrick: ‘Retirees Have a Superpower,’”</a> <i>The Long View</i> podcast, <a href="http://morningstar.com/" target="_blank">Morningstar.com</a>