There are certain rules of thumb in the financial industry, many of which you might’ve heard of. For example, the “Rule of 100” or the “4% Rule” might sound familiar to you. But how helpful are these rules of thumb in real-life planning?
In this episode, Mark walks through 5 common financial rules and shares his thoughts as a financial advisor.
Here’s some of what we discuss in this episode:
- The Rule of 100 is a helpful way to think about risk and savings as you approach retirement
- Why Mark generally disagrees with the 75% Rule
- The 6-Month Savings Rule is a reasonable guideline for emergency funds
- The accuracy of Wall Street’s Rule of 5
- The danger of the 4% Rule + the importance of comprehensive withdrawal strategies
Want to get in touch with Mark?
https://retirementhuddle.com/
mark@howardfinancialgroup.com
888-511-7526