For decades, people have been listening to financial advisors who talk about the 4% retirement rule. For years now, many people have been questioning this rule and how it’s supposed to work for us, because if you run the numbers, they just don’t make sense!
Watch this video to learn more about the 4% rule, why it doesn’t make sense anymore, and what you should be doing instead. You can break free from the norm and you can create a retirement you would like to live!
Quotables
“The 4% rule has traditionally said that whatever amount of money you save in retirement, you should be able to live on 4% of that money and not run out of it for life.”
“When you move into retirement, it’s not like you’re taking stock market returns.”
“The average actual return of the S&P 500 in the last 30 years has been about 8.5% with this record 13 ½ years and up.”
“If you look at this, the big issue that we have is that we can’t save that money.”
“The truth is, we all know that inflation is much higher than what the government is telling us.”
“The Wall Street Journal just recently came up with an article that says 4% should no longer be the benchmark people should be using.”
“A couple of hundred dollars a month, they couldn’t even come close.”
“It’s not because people aren’t saving.”
“I’ve said it forever but of course Wall Street Journal comes out with it and there’s been other articles that have come out over the years, questioning this 4% rule that’s been around since the 90’s.”
“Nowhere has Einstein ever said that compound interest is the 8th wonder of the world, talking about money.”
“Do not put yourself in a place where you’ve ruined your life because you’re trying to gamble with your money, trying to shortcut something that doesn’t work.”
“It’s not about working harder, it’s not even about trying to working smarter by saving a lot. Those are all good things. It’s about working right – doing the right things, the right way.”
“The way to go is by looking at these alternative investments, looking at ways to generate income.”
“Look outside the norm, go away from the masses where they’re broke. Look outside and look at the places where those of us have actually done it and are still living it today are doing it and making it work.”