In This Video:
General rules of thumb can be helpful but we have 3 retirement rules of thumb today that you should probably stop following.
Things to Consider:
When you think about things like putting 15% of your income into savings or building an emergency fund with 3-6 months of savings, those are good rules of thumb because they put you in a better position than you would have been otherwise. But this video will focus on three that we would encourage you to stay away from because they could potentially ruin the retirement that you planned on, could cost you thousands in taxes, or could impact the amount of retirement savings that you might have for the future.
Not only will we tell you about the three rules of thumb you should probably avoid, but also what could happen if you follow those rules.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:53 – Rule #1: The 75% rule
3:20 – Rule #2: Your taxes are going to be lower in retirement
6:10 – Rule #3: Rule of 100
Get your free guide to unlocking hidden tax savings: https://lifemoneyshow.com/taxes/
Get Your Free Guide to Social Security Benefits: http://lifemoneyshow.com/socialsecurity
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