Ep 159: Obsolete Retirement Planning Ideas
Much like technology becomes outdated each year, retirement planning strategies begin to lose their effectiveness over time.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?