• Financial Rules of Thumb: How Helpful Are They?

  • Apr 4 2024
  • Length: 12 mins
  • Podcast
Financial Rules of Thumb: How Helpful Are They? By cover art

Financial Rules of Thumb: How Helpful Are They?

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  • Summary

  • There are certain rules of thumb in the financial industry, many of which you might’ve heard of. For example, the “Rule of 100” or the “4% Rule” might sound familiar to you. But how helpful are these rules of thumb in real-life planning?

    In this episode, Mark walks through 5 common financial rules and shares his thoughts as a financial advisor.

    Here’s some of what we discuss in this episode:

    • The Rule of 100 is a helpful way to think about risk and savings as you approach retirement
    • Why Mark generally disagrees with the 75% Rule
    • The 6-Month Savings Rule is a reasonable guideline for emergency funds
    • The accuracy of Wall Street’s Rule of 5
    • The danger of the 4% Rule + the importance of comprehensive withdrawal strategies

    Want to get in touch with Mark?

    https://retirementhuddle.com/
    mark@howardfinancialgroup.com
    888-511-7526
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