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Retirement Misconceptions
Kelley's Bull Market News with Kelley Slaught
English - May 24, 2024 16:00 - 52 minutes - 47.9 MBInvesting Business Education Self-Improvement 401k 403b california care invest medicare plan risk volatility wealth Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Avoid Financial Regrets
Next Episode: Get Proactive With Your Retirement
Kelley Slaught clears up misconceptions about retirement and provides tips for saving more. The first misconception is the 4% rule, which suggests that taking out 4% of your investment portfolio will last for your life. Kelley argues that it's important to take out income that matches your budget, rather than relying on a fixed percentage. She also emphasizes the need to save more in retirement and tailor-make portfolios based on individual needs. Other misconceptions include underestimating how long you will live, believing you can live off less in retirement, and not considering the taxes you'll have to pay.
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