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Mailbag | Backdoor Roth IRA, 4% Rule & 401k Strategies for Retirement Planning | With Rachael Camp | 521

ChooseFI

NOTE

Diverse Income, Flexible Financial Freedom

Having multiple income sources, such as pensions, real estate income, or business revenue, significantly alters financial independence strategies. It reduces the reliance on net worth for covering expenses, allowing for a more aggressive investment approach. This diversification mitigates the risks associated with sequence of returns and safe withdrawal rates, providing flexibility in financial planning and potentially changing when individuals must depend solely on their accumulated wealth.

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