Financial Rules of Thumb: How Helpful Are They?

The Retirement Huddle

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7M ago 11:50

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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

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