Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2624:
In Part 2 of Jim Wang's article on self-planning finances, he continues with planning for future states, focusing on retirement savings. He simplifies the process with the 4% withdrawal rule, advocating for savings to be 25 times your annual expenses. Wang then shifts to the practical steps of getting from your current financial state to your desired future state. He emphasizes setting clear, actionable goals for savings and investments, adjusting plans annually, and remaining adaptable to life's changes. Wang concludes by highlighting the importance of having a plan to make informed decisions, rather than relying solely on intuition.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2016/07/how-to-come-up-with-a-financial-plan-without-visiting-a-professional.html
Episode references:
4% Withdrawal Rule: [https://www.investopedia.com/terms/f/four-percent-rule.asp]
Learn more about your ad choices. Visit megaphone.fm/adchoices