Is the 4% Rule Outdated? Exploring Modern Retirement Strategies
Manage episode 482428521 series 3561343
Retirement planning can be daunting, but it's essential to ensure a comfortable future. Ken and Nick Tumolo highlight common misconceptions about the 4% rule for withdrawing funds and the importance of personalized financial planning to avoid outliving savings. Nick shares practical examples of clients who benefited from tailored retirement strategies, emphasizing the need to constantly review and adjust plans. He recounts how one client increased her monthly withdrawal and reduced taxes, showcasing the potential for financial security during retirement. Regular reviews and proactive adjustments can make a significant difference in maintaining a stable income post-retirement.
To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com
Ken Tumolo and his son Nick Tumolo join you on Tumolo Financial Radio to offer solutions and strategies for your retirement planning needs. With decades of financial planning experience, Ken and Nick offer tax recommendations, estate planning advice, Social Security maximization, wealth management, retirement income planning and much more.
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