Investing now is much different than it was even 20 years ago and your retirement planning needs to evolve with it. Today we’ll discuss five different planning ideas that might have been solid at one point but don’t work as much under the current economy and market conditions.
Read more and get additional financial resources here: https://pffirm.com/2020/10/obsolete-retirement-planning-ideas/
What we discuss on this show:
3:18 - Trump’s capital gain tax proposal
7:35 - Obsolete planning discussion begins with the 4% rule
9:48 - The 10-5-3 Rule
11:52 - Move from stock to bonds as you get older
14:11 - Make it to $1 million and you’re ready to retire.
17:28 - You’ll need less income in retirement than when you’re working.
20:36 - Don’t generally follow any rules of thumb in retirement planning. Map it out.