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In this episode, Marty offers a straightforward examination of the crucial distinctions between average returns and actual returns in retirement planning.
He addresses common misunderstandings many investors have about these concepts and the significance of the Internal Rate of Return (IRR) in evaluating the true performance of investments.
Highlighting the risks of basing financial decisions on average returns, such as the sequence of returns risk and its effect on retirement funds, the discussion also explores stable income solutions like annuities to counteract market volatility.
00:24 The two key mistakes in retirement planning are misunderstanding withdrawal rates and underestimating longevity. 01:58 The traditional 4% withdrawal rule may not ensure...
Did you know there’s a little-known tax rule that could impact your withdrawals if you own multiple annuities with the same company? In this...
- Assigning purpose to retirement money is crucial for financial stability. - Not assigning a purpose to retirement money can lead to financial uncertainty....
