Episode #4: Rules Gone Awry – Spend 80% Rule of Pre-retirement Income

Episode #4: Rules Gone Awry – Spend 80% Rule of Pre-retirement Income

The Smart Take:

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.

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The Host:

Kevin Kroskey – AboutContact