The Retirement Playbook with Dale Tondryk

Ep 25: Obsolete Retirement Planning Ideas

There are plenty of financial planning strategies that have been passed down to each generation without losing effectiveness, but not everything can stand the test of time. Today we’ll identify five planning ideas that are either becoming obsolete or already hold little value anymore.

 

Read more and get additional financial planning resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-25-obsolete-retirement-planning-ideas/1338/ 

 

What we discuss today: 

2:54 – The 4% Rule

6:11 – The 10-5-3 Rule

9:04 – As we age, we should transition away from stocks and into bonds for safety.

10:28 – Tagging a certain number as what you’ll need for retirement. 

13:59 – You’ll need less income in retirement.

Ep 24: This One’s on the House

Your home is one of the biggest assets in your financial portfolio and there are a lot of decisions to make related to real estate. Let’s talk about the conversations we have with clients about mortgages, rental properties, downsizing, and more.

 

Read more and get additional financial resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-24-how-your-home-fits-into-retirement-planning/1333/ 

 

What we discus on this episode: 

1:53 – Background on the conversation today 

2:35 – Pay it off as soon as possible or slowly?

6:40 – Is it wise to downsize? 

8:48 – Having the emotional attachment to your home.

10:24 – Good idea to have a rental property to generate income?

12:00 – Real estate as part of legacy planning

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