Episode 189: Financial Rules of Thumb

You may have heard some of these rules of thumb before but should they be followed? A rule of thumb may be used as a starting point, but is no replacement for a custom financial plan created with your unique needs and goals in mind. David talks today about which of these are good financial guidance or which of these rules could leave you astray.

Here’s why you might consider also investing somewhere else:

• Find out if the rule of 100 is a good basic rule when it comes to taking risk. (2:47)
• How does the 75 (or 80) percent rule apply to your retirement income? (5:24)
• Worried about a bear market? Here’s when the rule of five comes into play in the stock market. (9:32)
• How much should you really have saved in your retirement fund by the time you are 60? (13:11)
• The four percent rule is well-known but is it well-regarded by David? (15:16)

For additional resources or to contact David, visit us online: http://coveryourassetskc.com