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What is the “4% withdrawal myth”?

One of the biggest challenges in finance is creating a stream of sustainable income in retirement. Some go by the 4% rule, but Dustin Smith from Wealth Enhancement Group says that’s a myth.

Jan 9, 2024 (03:47)

A young football player gets guidance from a pro

A young football player gets guidance from a pro

NEXT Weather | 10 p.m. weather report for Oct. 1, 2026

NEXT Weather | 10 p.m. weather report for Oct. 1, 2026

Pushes for better street safety after a young girl was hit by a car

Pushes for better street safety after a young girl was hit by a car

NEXT Weather | 6 p.m. for Oct. 1, 2026

NEXT Weather | 6 p.m. for Oct. 1, 2026

A Twin Cities start-up is getting a big boost from a celebrated chef

A Twin Cities start-up is getting a big boost from a celebrated chef

A shocking link between zebra mussels and mercury

A shocking link between zebra mussels and mercury

A months long investigation into Mayor Her reveals new information

A months long investigation into Mayor Her reveals new information

Minnesota's LGBTQ+ community has a new magazine

Minnesota's LGBTQ+ community has a new magazine

NEXT Weather | 5 p.m. weather report for Oct. 1, 2026

NEXT Weather | 5 p.m. weather report for Oct. 1, 2026

A local restaurant saves a woman who was being followed

A local restaurant saves a woman who was being followed

Becca Good, partner of Renee Good, speaks out for the first time since fatal shooting

Becca Good, partner of Renee Good, speaks out for the first time since fatal shooting

Eden Prairie church's mission to help kids before they experience homelessness

Eden Prairie church's mission to help kids before they experience homelessness

The debate over rideshare has come to a head in Minneapolis

The debate over rideshare has come to a head in Minneapolis

European fashion comes to MIA

European fashion comes to MIA

Jack-O-Lantern Spectacular is back

Jack-O-Lantern Spectacular is back

Talking Points | How did Hennepin County leaders catch fraud as it was happening?

Talking Points | How did Hennepin County leaders catch fraud as it was happening?

Food writer Rick Nelson is telling a different kind of story

Food writer Rick Nelson is telling a different kind of story

NEXT Weather | 4 p.m. weather report for Oct. 1, 2026

NEXT Weather | 4 p.m. weather report for Oct. 1, 2026

Renee Good's family files civil suits against feds in ICE killing | Extended press conference

Renee Good's family files civil suits against feds in ICE killing | Extended press conference

Noon forecast for Minnesota from Oct. 1, 2026 | NEXT Weather

Noon forecast for Minnesota from Oct. 1, 2026 | NEXT Weather

Minneapolis City Council approves "human monitor" ordinance for driverless rideshares

Minneapolis City Council approves "human monitor" ordinance for driverless rideshares

Renee Good’s partner speaks for first time after family files civil lawsuits in ICE killing

Renee Good’s partner speaks for first time after family files civil lawsuits in ICE killing

9 a.m. forecast for Minnesota from Oct. 1, 2026 | NEXT Weather

9 a.m. forecast for Minnesota from Oct. 1, 2026 | NEXT Weather

Check out these fall items at the Minneapolis Farmers Market

Check out these fall items at the Minneapolis Farmers Market

BIO Girls expands to two Minnesota cities to build confidence in the next generation

BIO Girls expands to two Minnesota cities to build confidence in the next generation

Renee Good’s family files civil lawsuits against feds in ICE killing

Renee Good’s family files civil lawsuits against feds in ICE killing

St. Paul leader warns of federal involvement on Election Day, and more headlines

St. Paul leader warns of federal involvement on Election Day, and more headlines

4 Your Weekend: Fall fests, Dolly Parton singalong and TC Marathon

4 Your Weekend: Fall fests, Dolly Parton singalong and TC Marathon

NEXT Weather: 6 a.m. report for Minnesota on Oct. 1, 2026

NEXT Weather: 6 a.m. report for Minnesota on Oct. 1, 2026

NEXT Weather: 10 p.m. report for Minnesota on Sept. 30, 2026

NEXT Weather: 10 p.m. report for Minnesota on Sept. 30, 2026

Minnesota treehouse combines rustic charm and cozy comfort

Minnesota treehouse combines rustic charm and cozy comfort

St. Louis Park police investigating shooting on Highway 100

St. Louis Park police investigating shooting on Highway 100

Minneapolis parents plea with district to keep schools open amid transformation plan

Minneapolis parents plea with district to keep schools open amid transformation plan

Minneapolis art gallery getting into the Halloween spirit

Minneapolis art gallery getting into the Halloween spirit

NEXT Weather: 6 p.m. report for Minnesota on Sept. 30, 2026

NEXT Weather: 6 p.m. report for Minnesota on Sept. 30, 2026

Family of man killed in Minneapolis crisis facility attack demand answers

Family of man killed in Minneapolis crisis facility attack demand answers

St. Paul City Council approves taxpayer funds for mayor's legal fees

St. Paul City Council approves taxpayer funds for mayor's legal fees

NEXT Weather: 5 p.m. report for Minnesota on Sept. 30, 2026

NEXT Weather: 5 p.m. report for Minnesota on Sept. 30, 2026

How Minnesota plans to improve student test scores

How Minnesota plans to improve student test scores

10 people accused of voting illegally in Minnesota

10 people accused of voting illegally in Minnesota

DOJ files voter fraud charges, judicial misconduct complaint in Minnesota

DOJ files voter fraud charges, judicial misconduct complaint in Minnesota

Bethel football player helping others after recovering from cancer

Bethel football player helping others after recovering from cancer

Tips to improve your grilling and hosting game during football season

Tips to improve your grilling and hosting game during football season

MnFire working to help retired firefighters access health benefits

MnFire working to help retired firefighters access health benefits

NEXT Weather: 4 p.m. report on Sept. 30, 2026

NEXT Weather: 4 p.m. report on Sept. 30, 2026

Man charged in deadly Minneapolis crisis facility attack

Man charged in deadly Minneapolis crisis facility attack

NEXT Weather: Noon report on Sept. 30, 2026

NEXT Weather: Noon report on Sept. 30, 2026

Hispanic-owned businesses in the Twin Cities to visit in September

Hispanic-owned businesses in the Twin Cities to visit in September

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