Generally speaking, there are some rules of thumb that might be good starting points when you begin building your financial plan, but these might often end up being outdated by the time you understand your needs. In this episode, Victor is going to address a handful of these you’ve probably heard about and explain why they might not work as expected.

Here are some of the things we’ll discuss in this episode:

• The 4% rule has been used to plan withdrawals in retirement but Victor details why this initial idea isn’t a part of what we do. (1:10)
• Can you rely on the 10-5-3 rule for estimating returns on different investments? (5:17)
• Should you move from stocks to bonds as you get older in order to reduce risk? (9:47)
• Is $1 million a good target to reach to be comfortable in retirement? (13:47)

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

Connect:

Medina Law Group: https://www.jerseyestateplanning.com/

Palante Wealth Advisors: https://palantewealth.com/