Paul Hears a Popular Voice in Finance Share Some Downright Dangerous Advice

Today, Paul, Ira, and Evan talk about a recent video from a popular voice in finance claiming that the 4% rule is out of date and that you should be able to take 8% of your portfolio in income every year. The advisors quickly jump in to share why this advice is dangerous and could completely ruin someone's opportunity to live off their investments. Listen along to hear why the simple math of subtracting your returns from the inflation rate to calculate your income is unwise. Later in the episode, Paul talks about how the number of investment options today make the right investments harder to find.

 

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