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BCB152: MORGEN ROCHARD — Planning For Generational Wealth

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NOTE

Planning Financial Allocations and Withdrawals for Long-term Sustainability

The key to financial planning is determining the amount of money required for living expenses and legacy creation. By calculating actual living costs and possible surplus, one can allocate percentages for various needs and desires. Utilizing the 4% rule based on net worth allows for sustainable retirement, supplemented by adjusting withdrawal rates based on age and spending trends. While 4% is a standard withdrawal rate, 5% can still provide financial longevity, as seen in foundation practices.

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