Making Money How to not run out of money in retirement
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May 5, 2025 In this engaging discussion, financial planner George Agan from Flying Colours Advice shares his expertise on retirement planning. He highlights critical risks that often go unnoticed, such as market crashes and inflation impacts. George challenges the much-referenced 4% rule, stressing the need for tailored strategies. He unveils adaptive financial techniques for sustained security, explores unique spending patterns in retirement, and emphasizes the importance of diversifying assets. A must-listen for anyone looking to secure their financial future!
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Using 4% and 375 Rules
- Use the 4% rule and 375 rule as broad guidelines to estimate how much to save for retirement.
- Adjust for taxes and inflation, and understand these rules give rough pot size estimates for desired spending.
Retirement Spending Evolves
- Retirement spending changes widely over time due to life events and expenses like mortgages and children.
- Planning requires ongoing adjustment as your financial needs evolve over decades before and during retirement.
Inflation-Adjusted Planning Matters
- Use inflation-adjusted growth rates when planning to avoid overestimating your portfolio's spending power.
- Neutralizing inflation in returns accounts for real purchasing power changes, clarifying your retirement goals.