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Thursday Sep 24, 2020

Ep 159: Obsolete Retirement Planning Ideas

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Much like technology becomes outdated each year, retirement planning strategies begin to lose their effectiveness over time. Today we’ll look at five different planning ideas that have been used quite a bit before but might not have the same impact in today’s economy and market conditions.

 

Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/09/ep-159-obsolete-retirement-planning-ideas/ 

 

What we discuss on this show: 

3:09 – Let’s start with the 4% Rule

6:55 – The 10-5-3 Rule  

8:40 – Move from stocks to bonds as you get older

11:20 – Get to $1 million in your retirement account and your ready for retirement.  

13:17 – You’ll need less income in retirement than you needed while working.  

15:56 – What’s the process for someone wanting to meet and work on these items?  

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