Retire On Your Best Path with Liz Whitteberry
If you want to retire with confidence and a well-rounded plan, then listen to Retire On Your Best Path with Liz Whitteberry of Best Path Advisors. Liz is an experienced financial advisor who specializes in working with retirement-focused women and couples who desire confidence and clarity so they can live their best life on purpose. On this show, Liz will tackle important issues like income planning, legacy building, minimizing taxes, managing risk, and so much more. Hear her unique approach to planning and learn why it's so important to have a clear, comprehensive, collaborative, and compassionate process to get to, and through, retirement. If you have any questions or want to reach out, go to https://www.bestpathadvisors.com or call 817-849-1375 for more information.
Retire On Your Best Path with Liz Whitteberry
Should You Follow These Popular Retirement Rules of Thumb?
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Liz Whitteberry
You’ve probably heard some of the “rules of thumb” that claim to guarantee a successful retirement. They’re often delivered with such confidence that it feels like you should accept them as universal truths. But the reality is far more complicated- what works as a quick guideline can easily become misleading when applied to your financial situation. So, how much weight should you really give these rules when planning your future?
Here’s some of what we discuss in today’s show:
- The Rule of 72 and why doubling your money isn’t as simple as it sounds
- Why the 75% spending rule is outdated for today’s active retirees
- The “10x Salary” savings rule, and what it gets right (and wrong)
- Using the 4% withdrawal rule as a starting point
- How the Rule of 100 can underestimate longevity and inflation risks
- Why rules of thumb are conversation starters, not retirement strategies
4% Rule Episode:
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