You’ve probably heard some of the “rules of thumb” that claim to guarantee a successful retirement. They’re often delivered with such confidence that it feels like you should accept them as universal truths. But the reality is far more complicated- what works as a quick guideline can easily become misleading when applied to your financial situation. So, how much weight should you really give these rules when planning your future?
Here’s some of what we discuss in today’s show:
- The Rule of 72 and why doubling your money isn’t as simple as it sounds
- Why the 75% spending rule is outdated for today’s active retirees
- The “10x Salary” savings rule, and what it gets right (and wrong)
- Using the 4% withdrawal rule as a starting point
- How the Rule of 100 can underestimate longevity and inflation risks
- Why rules of thumb are conversation starters, not retirement strategies
4% Rule Episode:
Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Bobby Bones Show
Listen to 'The Bobby Bones Show' by downloading the daily full replay.