Podcast

Episode #7: Rules Gone Awry – The 4 Percent Rule

You’ve perhaps heard the 4 percent rule, that if you take 4% out of your investment account each year, you’ll never outlive your money. Kevin talks about where this idea came from, and pokes some holes in this strategy in this third installment of Rules Gone Awry. Continue reading

Episode #6: Rules Gone Awry – The Rule Of 100

There’s a “rule” that says you should take 100, subtract your age, and the result tells you how much of your money you should invest in stocks. It would be awesome if retirement planning was that simple, but simple isn’t always effective and that’s the problem with the Rule of 100. Take a listen to find out about better ways to invest and plan for your financial future Continue reading

Episode #5: Rules Gone Awry – Take Social Security Early

There’s an old school of thought that says you should take social security as early as you can so that you can get the most out of it. But this is another one of those retirement rules gone awry that we enjoy picking apart on the podcast. Kevin will tell us why this retirement “rule” needs to be scraped and give us the proper lens through which to view the social security problem. Continue reading

Episode #4: The Wisdom In Ignoring The 80% Rule

Walter was being nosy recently and asking his mom about her retirement plans. When she told him she was planning on living off of 80% of her current income during her retirement years, it raised a red flag. How did she come to that figure? You guessed it, she didn’t really have an exact answer for why she picked that number. So Walter turns to Kevin on this week’s podcast to understand how that “80% Rule” worked its way into the retirement planning vernacular and why we’d all be wiser to ignore it. Continue reading

Episode #3: Quit Obsessing Over A “Stress-Free” Retirement

There is a lot of obsessing over creating a stress-free experience in retirement. But life doesn’t really work that way. We can still experience happiness and joy in retirement, even if there’s still a few stressful moments along the way. Don’t buy into another one of those retirement rules gone awry, that a truly stress-free retirement is attainable. Kevin will show us how to root your financial plan in realistic terms. Continue reading