Questioning the 4% Rule: Tailoring Your Retirement Plan to Your Financial Needs
Do you ever question the financial advice that's out there? If you've heard about the 4% rule – that you should only draw 4% from your retirement funds each year - and blindly followed it, this segment from our Ditch the Suits Podcast is for you.
We strip down this widely acknowledged financial concept, highlighting the fact that it isn't a one-size-fits-all solution. Can you believe the original creator of the 4% rule suggested that one could withdraw up to 10% depending on various circumstances? Yes, that's right!
We dig into the assumptions behind this rule, illustrating why your portfolio might not be able to support the 4% withdrawal. Are you aware of the importance of diversification and how a poorly diversified portfolio can increase your sequence of return risk? We guide you through this and more, focusing on the significance of comprehending investment and financial planning, not just adhering to a set rule. Remember, your investment plan and portfolio structure must harmonize with your specific financial requirements and situation.
Don't miss out on this insightful episode as we encourage you to challenge the consensus and make financial decisions that are right for you.
Listen to Ditch the Suits at https://ditchthesuits.buzzsprout.com/
-
48:22
Wise Money Show
9 months agoMost Confusing Issues When Planning for Retirement
5 -
10:20
Wise Money Show
1 year agoWhy You Need a Comprehensive Financial Approach When Retiring
6 -
9:58
Wise Money Show
1 year agoShould You Consider the 4% Rule in Retirement?
51 -
12:18
Wise Money Show
2 years ago4% Rule Creator Says Cut Your Retirement Spending
3 -
5:50
JazzWealth
4 months ago $0.09 earnedPersonal Finance 101: Things To Know Before Investing For Retirement
361 -
11:27
Wise Money Show
1 year agoWhat New Expenses Will You Face in Retirement
9 -
0:41
Financialandinvestmentwisdom2021
1 year agoFinancial Independence / Retire Early Using 4% Rule
19 -
42:49
Wise Money Show
1 year ago $0.01 earnedWhere to Draw Money From When Retiring Before 59.5
16 -
10:46
Wise Money Show
11 months agoFlaws in Fidelity's 45% Rule for Retirement
10 -
13:23
Wise Money Show
10 months ago5 Most Confusing Things About Retirement
5