Retirement Rules You Need to Know About | Retirement Talk Ep 7 – LaTour Asset Management

Описание: In this episode of Retirement Talk, hosts Jim Margraf and Josh LaTour break down common retirement rules of thumb like the 4% withdrawal rule, the “$1,000 per month = $240,000 saved” formula, and age-based planning considerations. They explain why these can serve as helpful starting points but stress that personalized planning tailored to your unique income, longevity, and lifestyle needs is critical. Learn why relying on generic rules can leave your retirement and your peace of mind at risk.

Timestamps:
00:02 - Introduction with Tony, Jim, and Josh
01:14 - Encouragement to reach out for personalized advice
01:46 - Why generic rules of thumb don't fit everyone
03:20 - Surprising origin of the term "rule of thumb"
04:16 - The $1,000 per month rule explained
05:32 - Limitations of rules based on fixed returns
06:48 - How information overload causes analysis paralysis
08:05 - A couple starting their financial journey
09:52 - Why predictable income sources affect how much you need saved
11:01 - The 4% rule and market risk in retirement
12:39 - Why your investment tools must change in retirement
14:29 - Planning for longevity and inflation
17:18 - Customization is key for effective retirement strategies
20:30 - Real-life examples of over and under-spending in retirement
25:54 - Planning for go-go, slow-go, and no-go retirement phases

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Investment Advisory Services offered through LaTour Asset Management, LLC, an investment advisor in the states of Missouri, Arkansas, Texas, and Alaska, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Insurance products and services offered through LaTour Advisory Group Inc. LaTour Asset Management, LLC and LaTour Advisory Group Inc. are affiliated companies. LaTour Asset Management, Joe LaTour, Jim Margraf, and Josh LaTour are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be considered legal, tax, or investment advice. Investing involves risk, including possible loss of principal. Always consult a qualified advisor before making financial decisions.