What Is the 4% Rule? Does It Work?

Paul explains why inflation is one of the most important factors to consider when you retire and take an income on your portfolio. Paul dives into the 4% rule and how it factors rising costs into your income. He also helps you understand how much you might need to save to afford your retirement living expenses. Later in the episode, Paul talks about a commonly sold product for retirees, annuities, and how they “guarantee” returns but are a very dangerous strategy because they lose their purchasing power over time.

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