EPISODE · May 16, 2023 · 23 MIN
6 Financial Rules of Thumb to Avoid
from Ready For Retirement · host James Conole, CFP®
James debunks six popular rules of thumb that can actually do more harm than good when it comes to retirement planning. From the 100-minus-your-age stock allocation rule to the 70% to 80% income replacement myth, James breaks down why rules like these can be counterproductive and suggests alternative strategies that will help you create a personalized financial plan that meets your unique needs and goals. Questions Answered:Which rules of thumb should not be universally applied?What can you do instead?Timestamps:0:00 Introduction2:36 The First Rule5:57 The Second Rule9:04 The Third Rule11:48 The Fourth Rule14:04 The Fifth Rule 18:08 The Sixth Rule20:09 How to Measure Risk22:02 OutroCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!
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What this episode covers
James debunks six popular rules of thumb that can actually do more harm than good when it comes to retirement planning. From the 100-minus-your-age stock allocation rule to the 70% to 80% income replacement myth, James breaks down why rules like these can be counterproductive and suggests alternative strategies that will help you create a personalized financial plan that meets your unique needs and goals. Questions Answered: Which rules of thumb should not be universally applied?...
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6 Financial Rules of Thumb to Avoid
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