Straight To The Point:
In this technology age, we’ve all become accustomed to products becoming outdated. Well, retirement planning is similar in the sense that ideas become obsolete over time as conditions change.
Today we’ll look at a handful of retirement rules of thumb and financial planning ideas that might have been very useful at one point but don’t work quite as well now.
Listen to the full episode using the audio player below and use the timestamps below to skip to a particular topic.
3:18 – Trump’s capital gain tax proposal
7:35 – Obsolete planning discussion begins with the 4% rule
9:48 – The 10-5-3 Rule
11:52 – Move from stock to bonds as you get older
14:11 – Make it to $1 million and you’re ready to retire.
17:28 – You’ll need less income in retirement than when you’re working.
20:36 – Don’t generally follow any rules of thumb in retirement planning. Map it out.
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