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Are You Using Outdated Financial Rules for Your Retirement?
Manage episode 485222134 series 3561293
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With retirement around the corner, it's time to rethink outdated financial rules. In today's world, applying strategies from 1995 to your retirement could leave you unprepared and vulnerable. Mike Douglas emphasizes the importance of personalized retirement planning, considering your unique needs, risk tolerance, and goals. Key actions include determining your net after-tax income, identifying any gaps, and finding low-risk solutions tailored to you. Whether you are comfortable with risks or prefer low volatility, understanding the intricacies of sequence of returns, taxes, and estate planning is crucial. Start planning now to make retirement work for you.
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