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.