Your parents - and even your parent’s parents - have been following the same conventional wisdom for several decades when it comes to investing. But with so many changes that affect your retirement in the past few years (taxes, inflation, interest rates, the stock market) using some of those traditional rules today could end up costing you your retirement. In this episode, we share 5 pieces of conventional wisdom that could derail your retirement, here are the first three:
- Conventional Wisdom: Your taxes will be lower in retirement
- Conventional Wisdom: The 4% is “always” the best withdrawal/Income strategy in retirement
- Conventional Wisdom: The “100 Minus Your Age” Rule will decide your asset allocation
Host Ben Christy interviews Beacon Capital Management's Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: These 5 Pieces of Conventional Wisdom for Retirement Planning ... Don’t Stand a Chance Against the Challenges Ahead.