{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Ep 36: Should You Follow These Popular Retirement Rules of Thumb?","description":"You\u2019ve most likely heard plenty of \u201crules\u201d you\u2019re supposed to follow to retire successfully. Some of these rules are stated so confidently, you\u2019d be crazy not to immediately accept them as fact. But we don\u2019t mind the threat of being called crazy, so let\u2019s dive into some of the most popular retirement \u201crules of thumb\u201d to see if they truly lead us down the path of good financial guidance or run a chance of leading us astray. As you\u2019ll hear us talk about on the show all the time, every individual needs a plan tailored to their specific needs so while these rules are good for providing some direction, they aren\u2019t necessarily applicable to you. Here\u2019s some of what you\u2019ll learn on this episode: The rule of 72 is great for determining the amount of time to double your money based on returns. (2:32) The rule of 100 doesn\u2019t give you a true sense of how much risk you should be taking on. (5:24) Why we totally disagree with rule that you need 75% of your working income in retirement. (6:48) Why it\u2019s not accurate to assume that you need 10 times your salary saved by the time you\u2019re 67. (17:05) The 4% rule has been for withdrawing money in retirement has been a good guideline but it doesn\u2019t hold up now. (20:00)   Contact: If you have any questions, call 215-513-4330 or visit https:\/\/www.kempharvest.com\/ ","author_name":"Retirement Plain & Simple","author_url":"https:\/\/www.kempharvest.com\/","html":"