Is $8 million the new target for retirement? We found an article that points to that idea so we’ll share our thoughts about how this impacts planning on today’s podcast.
Read more and get additional financial resources here: https://www.baschrock-fg.com/podcast/ep-56-is-8-million-the-new-target-for-retirement/
What we discuss on this show:
1:51 – Financial Samurai blog
3:22 – Where did the 4% rule come from?
4:47 – Will you need $8 million?
6:32 – Balancing your portfolio
9:05 – Other ways to supplement income
11:11 – Let’s look at some positives
13:16 – Mailbag: Will I spend more money in the first few years of retirement?
15:02 - Can I overcome a divorce financially in my late 50s?