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Are You Basing Your Retirement On Fuzzy Math?
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When it comes to retirement planning, many people believe they've got it all figured out. "I'm averaging 7-8% on my investments," they say, for example, confident that this will carry them through their golden years. But is this confidence misplaced?
Stay tuned as we explore some of the flawed calculations that many retirees make regarding their financial future. We’ll debunk some common misconceptions about investment returns, withdrawal rates, and the dangers of overspending in retirement. Are you basing your retirement dreams on “fuzzy math?”
Here’s what we discuss in today’s show:
- The impact that market volatility can have on retirement savings
- Setting realistic expectations and understanding risk in retirement planning
- Overspending in your early retirement years
- Outdated rules of thumb for retirement withdrawals
Key Takeaway
"This is the thing that people really, really are fuzzy on. It doesn't even take a market correction to derail your lifestyle."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
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