Ep 25: Obsolete Retirement Planning Ideas

There are plenty of financial planning strategies that have been passed down to each generation without losing effectiveness, but not everything can stand the test of time. Today we’ll identify five planning ideas that are either becoming obsolete or already hold little value anymore.

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The Game Plan

Without a proven financial plan in place, it’s easy to follow rules that you’ve either read or heard about without knowing how well they fit your retirement goals.

On this episode, Dale will tell us about five different planning strategies that don’t really work like they used to (or maybe never did). Here are the planning ideas we’ll tell you about:

  • The 4% rule
  • 10-5-3 rule
  • Moving from stocks to bonds for safety.
  • Picking a specific number out for retirement without a plan.
  • Needing less income in retirement

Listen to the full episode or click on the timestamps below to skip around to specific topics.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[2:54] – The 4% Rule

[6:11] – The 10-5-3 Rule

[9:04] – As we age, we should transition away from stocks and into bonds for safety.

[10:28] – Tagging a certain number as what you’ll need for retirement. 

[13:59] – You’ll need less income in retirement.

 

When you’re looking at mutual funds and you’re looking at a diversified group of stocks for example, I think that 10% (return) is way too generous.

– Dale Tondryk

More To Explore

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com