James debunks six popular rules of thumb that can actually do more harm than good when it comes to retirement planning.
From the 100-minus-your-age stock allocation rule to the 70% to 80% income replacement myth, James breaks down why rules like these can be counterproductive and suggests alternative strategies that will help you create a personalized financial plan that meets your unique needs and goals.
Questions Answered:Which rules of thumb should not be universally applied?What can you do instead?Timestamps:0:00 Introduction2:36 The First Rule5:57 The Second Rule9:04 The Third Rule11:48 The Fourth Rule14:04 The Fifth Rule 18:08 The Sixth Rule20:09 How to Measure Risk22:02 Outro
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