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The 10/4/80 Retirement “Cheat Code”: A Genius Hack or a Dangerous Myth? | Ep 4
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Is there a “cheat code” for retirement planning? In this episode, Mark Zagurski, Director of Strategy and Communication for Mutual of Omaha Advisors, dives into the concept of “cheat codes” and their application to retirement planning. Drawing parallels to video game strategies, Mark unpacks the popular 10/4/80 rule—save 10% of your income, withdraw no more than 4% annually, and plan for 80% of your pre-retirement income. While simple, these rules serve as starting points, not definitive solutions.
Key takeaways include:
• Saving Smart: Why saving 10-20% of your income can be a powerful foundation for retirement, especially if you start early.
• The 4% Rule: Understanding withdrawal strategies and the risks of outliving your retirement savings.
• The 80% Rule: How realistic income replacement targets vary based on lifestyle, expenses, and unforeseen needs.
• Avoiding Instant Gratification: How resisting “keeping up with the Joneses” can safeguard long-term financial health.
• The Role of Professional Guidance: Why consulting a trusted financial advisor can help you navigate complexities and create a personalized plan.
Mark also challenges listeners to move beyond one-size-fits-all advice, emphasizing the importance of aligning financial strategies with individual goals and circumstances.
Ready to take control of your financial future? Whether you’re starting your journey or revisiting your plan, this episode offers actionable insights to guide you.
Discover how a Mutual of Omaha advisor can help you balance today’s priorities with tomorrow’s goals. Visit Mutual of Omaha Advisors to start building your personalized retirement plan today.
“Chasing instant gratification can sabotage long-term goals; a good financial plan helps you resist the urge to keep up with the Joneses.” - Mark Zagurski
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Investing involves risk, including loss of principal.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.
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