PODCAST EPISODE 217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans

ByPaul Adams

EPISODE SUMMARY

Experts say the 4% rule, a popular retirement income strategy, is outdated (By CNBC.com)

Seven 529 Plans to Avoid (By Morningstar.com)

This Retirement Myth Could Cost You $100,000 (By The Motley Fool)

WHAT WAS COVERED

  • 00:00 – Paul welcomes listeners.
  • 01:00 – Recap of recent episode
  • 03:00 – Article Breakdown: “Experts say the 4% rule, a popular retirement income strategy, is outdated”
  • 07:15 – Article Breakdown: “Seven 529 Plans to Avoid”
  • 24:15 – Article Breakdown: “This Retirement Myth Could Cost You $100,000”
  • 28:15 – The Financial Industry in review.

[Tweet “The appeal to authority fallacy is that once someone is an expert I can turn off my brain and listen to their conclusions and accept their opinion. Whereas you should always filter that through what you know and reflect on what you now need to study.#YourBusinessYourWealth”]

[Tweet “Speaking on financial articles, If they’re looking to get an emotional response from you something is not. #YourBusinessYourWealth“]

[Tweet “Any place you could put your money that is completely dependent on 1 person being there to make it a good place to put your money. #YourBusinessYourWealth“]

LINKS

Experts say the 4% rule, a popular retirement income strategy, is outdated (By CNBC.com)

Seven 529 Plans to Avoid (By Morningstar.com)

This Retirement Myth Could Cost You $100,000 (By The Motley Fool)

Mentioned in this episode: YBYW Episode 188

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us!

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

––––––––––––––––––––––––––––––––––––––––––-

Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

yourbusinessyourwealth.com

© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • PODCAST EPISODE 263 – Secure Act 2.0 and your Retirement Plan

    WHAT WAS COVERED [Tweet “The Department of Labor is going to have a lost and found for your retirement plan! #YourBusinessYourWealth”] [Tweet “60-63 year olds now have a new retirement tool, $10k or half the going catch up rate can be added to a retirement savings. #YourBusinessYourWealth”] [Tweet “The blending of emergency access and long-terms saving accounts can be a concern if…

  • PODCAST EPISODE 354 – Influence, Persuasion, and Reality with Scott Adams

    Scott Adams Excerpt: I Will Rewire Your Brains to Relieve Anxiety https://youtu.be/nWhKDqwgyv8?si=vhTXfZzLTLKLwbFa We’re excited to share a special throwback edition of this episode, released as a little Christmas gift to you. To set the stage, Paul explains why this conversation still matters and why we felt it was worth revisiting. This episode originally sparked a lot of thoughtful discussion, and…

  • PODCAST EPISODE 321 – Should you Die With Zero?

    In Episode 321 of More Than Commas, Paul Adams unpacks the core ideas of Bill Perkins’ book Die With Zero, which challenges the conventional wisdom of hoarding wealth for retirement. Instead, Perkins urges us to align our money, time, and energy with meaningful experiences during the prime years of our lives. Paul explores concepts like the “Fulfillment Curve,” “Memory Dividends,”…

  • Why Past Performance Means Nothing

    The Myth of “Track Record Investing” Among even the most hallowed asset management firms, prior success can be attributed not to a series of calculated, informed actions or unique insights but rather the good fortune of being in the right place at the right time–something also known as random luck.  One of the most attractive illusions of investing involves judging…

  • Podcast Episode 40: Illusions of Investing Part 6 – Passive Structure Investing Theory

    EPISODE SUMMARY This is the last episode in the investing illusions series. Paul does a quick recap of the past five illusions he has gone over. One of the common problems that happens to someone after they’ve become aware of an illusion is that they fall right back into another one. To avoid this, Paul discusses what is a good investment philosophy…

  • Podcast Episode 8: The Market Crashed, Now What?

    LISTEN HERE EPISODE SUMMARY Sound Financial Group (SFG) is excited to Welcome you to Sound Financial Bites, where we bring you bite sized pieces of financial knowledge to help you design and build a good life. In the eighth episode, Paul Adams, CEO and President of Sound Financial Group, shares with us the importance of holding steady in an ever…