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Financial Rules of Thumb: How Helpful Are They?
Manage episode 410626073 series 2643568
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
110 episodes
Manage episode 410626073 series 2643568
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
110 episodes
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