Is the 4% Retirement Rule Dead | 565

For years now, many people have been questioning this rule and how it’s supposed to work for us, because if you run the numbers, they just don’t make sense! Watch this video to learn more about the 4% rule, why it doesn’t make sense anymore, and what you should be doing instead. You can break free from the norm and you can create a retirement you would like to live!Key Talking Points of the Episode[00:00] Introduction[01:37] What is the 4% rule?[02:55] Is 4% too much?[03:55] The big issue[05:14] How inflation affects the 4% rule[07:18] Why the numbers should be lower[08:17] Is it because people aren’t saving?[09:53] The misquoted Einstein quote[10:45] Gambling your money[11:45] Looking at alternative investments[12:45] The 4% rule doesn’t work[13:01] Look outside the normQuotables“The 4% rule has traditionally said that whatever amount of money you save in retirement, you should be able to live on 4% of that money and not run out of it for life.”“When you move into retirement, it’s not like you’re taking stock market returns.”“The truth is, we all know that inflation is much higher than what the government is telling us.”“The Wall Street Journal just recently came up with an article that says 4% should no longer be the benchmark people should be using.”“A couple of hundred dollars a month, they couldn’t even come close.”“It’s not because people aren’t saving.”“Nowhere has Einstein ever said that compound interest is the 8th wonder of the world, talking about money.”“The way to go is by looking at these alternative investments, looking at ways to generate income.”