The Dangers of Blanket Advice: Can You REALLY Afford an 8% Withdrawal Rate IN Retirement
Dec 5, 2023 ·
12m 41s
In this episode, Jon Hicks takes a sharp turn into the realms of financial etiquette and questionable advice, spotlighting the recent proclamation of a popular nationally syndicated personal finance radio...
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In this episode, Jon Hicks takes a sharp turn into the realms of financial etiquette and questionable advice, spotlighting the recent proclamation of a popular nationally syndicated personal finance radio host who said retirees should stay 100% invested in stocks and withdraw 8% of their portfolio each year—with no worries. Jon dissects why this advice is not only unrealistic but downright dangerous. From the fallacy of consistent 12% market returns to the volatile nature of equities, discover why a customized approach to retirement planning is crucial. Jon breaks down the math, debunking the myths around high withdrawal rates and emphasizing the importance of understanding market history. Don't let impractical advice jeopardize your financial future. For personalized insights and guidance, connect with Jon and his team at J Hagan Capital. Visit RetirementSolutionRadio.com to continue the conversation.See omnystudio.com/listener for privacy information.
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