Why You Should Forget These 4 Retirement Rules of Thumb, Ep #172

You’ve probably heard of a few retirement rules of thumb that help you know when to retire. Or do they?

Today you’ll learn why you should set these guidelines out to pasture. Cameron Hendricks and I discuss what these rules are, where they came from, why they aren’t the best prescriptions for success in retirement, and what you should do instead of relying on these common retirement norms. Press play to hear why it's time to lay these retirement rules of thumb to rest.

Check out our expanded pre-retirement checklist

Our expanded pre-retirement checklist is packed with common questions asked by our clients. Our new guide answers 4 questions you should ask about Social Security, includes common tax planning tools used by retirees, and examines how your investing may change in retirement. Download this newly revised and expanded checklist to improve your retirement. 

Outline of This Episode

• [1:34] How the first rule of thumb came to be
• [7:21] Debt in retirement
• [12:38] The 4% rule
• [18:10] When you should retire
• [23:06] Download our newly revised pre-retirement checklist

Resources & People Mentioned

• Download the Retire on Purpose Guide. 
• Episode 89 - How Sequence of Returns Risk Could Impact You

Connect With Chad and Mike

• https://www.financialsymmetry.com/podcast-archive/ 
• Connect on Twitter @csmithraleigh @TeamFSINC
• Follow Financial Symmetry on Facebook

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