6 Financial Rules of Thumb to Avoid

[@MichaelToub]

Great Video!

[@Rlskis1967]

The other rules of thumb strategies that should be taken with a grain of salt are the following: having 10X amount of your annual income, or needing 70% of your income. This is all dependent on your expenses as you may have much lower expenses in retirement. You also need to keep in mind, during retirement you will no longer have to pay FICA or having 401k deductions, since you will no longer have a paycheck. Knowing your expenses is key.

[@Andrew-zh6jl]

Love the in-depth content James; and appreciate the details on risk/standard deviation, life expectancy and uneven portfolio withdrawals during retirement. Quite a master class in retirement details we’re receiving.

[@robertgreg6009]

Inflation is going to gradually going to become part of us and due to the fact any money you keep in cash or in a low-interest decline in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income,investing is the only way most people ever make enough money to retire.

[@madstarr2]

Do you operate in Georgia?

[@jeffreymcdonald8723]

great

[@clbcl5]

Rule #1, I'm retired but still a teenager.

[@jeffpodemski3137]

Great job. JAMES. The best advice for eternal security is to give your life to Jesus. Then you will live forever with God in heaven.