In this episode, Jon Hicks takes a sharp turn into the realms of financial etiquette and questionable advice, spotlighting the recent proclamation of a popular nationally syndicated personal finance radio host who said retirees should stay 100% invested in stocks and withdraw 8% of their portfolio each year—with no worries.
Jon dissects why this advice is not only unrealistic but downright dangerous. From the fallacy of consistent 12% market returns to the volatile nature of equities, discover why a customized approach to retirement planning is crucial.
Jon breaks down the math, debunking the myths around high withdrawal rates and emphasizing the importance of understanding market history. Don't let impractical advice jeopardize your financial future. For personalized insights and guidance, connect with Jon and his team at J Hagan Capital.
Visit RetirementSolutionRadio.com to continue the conversation.
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.