Ep 70: Should You Follow These Retirement Rules of Thumb?

You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, you’d be crazy not to immediately accept them as fac

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The Game Plan

You’ve most likely heard plenty of “rules” you’re supposed to follow to retire successfully. Some of these rules are stated so confidently, that you’d be crazy not to immediately accept them as fact.

But we don’t mind the threat of being called crazy, so let’s dive into some of the most popular retirement “rules of thumb” to see if they truly lead us down the path of good financial guidance or run a chance of leading us astray.

Join us on today’s episode as we break down these rules of thumb:

  • The Rule of 100: A risk tolerance rule that tells us investors should have a percentage of investments that match 100 minus his or her current age. [3:25]
  • The Rule of 72: You take 72 divided by the current interest rate and that’s how fast your money will double. [8:30]
  • Rule of 5: On average we experience a bear market every 5 years. [ 9:49]
  • The 4% Rule: You should be able to take out 4% of your portfolio each year of retirement without running out of money. [12:05]

So, are these rules really wise or is there a better and more customized approach to retirement planning out there? Times change and so does the advice we should listen to. Listen to today’s episode and find out!

 

The market seems to be taking much bigger dips. Like in 2008, 2020, and now the recession we’re going through right now. That 4% rule might be out the window.”

 

– Dale Tondryk

More To Explore

Ep 71: Going Against the Grain to Achieve Your Retirement Goals

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.

Ep 69: Navigating Retirement and Divorce

We are going to discuss a tough topic today, divorce. Going through a divorce at any age is difficult but doing so close to or in retirement adds additional complications. There are a lot of little nuances that go along with splitting your assets and it can be an emotional investment as well.

Ep 68: Retirement Planning Pop Quiz

Can you get an A+ on this retirement planning pop quiz? Don’t worry too much about acing this quiz though, there’s always time to improve your grades.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com