Elaine, Randy, Sean Hannity discussed on The Yeisley Financial Hour


I feel like we're having our own version of Mythbusters today on the ship, the retirement version, at least Randy's been debunking some of these really common retirement planning myths, and these are all things. You've heard, maybe you just haven't had the opportunity to fully investigate them to learn the truth radio, want to ask you, though, or any misconceptions out there about some of the retirement planning tools that are available to us today. Well, I think so many people Megan have heard of this four percent rule that basically was derived back in nineteen ninety four, I believe by a gentleman that. Became a financial adviser and at the time that he did this in the early nineties, the accepted would draw percentage had been five percent. And so he was evaluating historical market performance to determine if that was still accurate or not in through all of his analysis. He concluded that it was really about four and a half percent. But it became known as the four percent rule. And so that has been in place in so people use this rule of thumb that says that you can withdraw four percent of your nest egg adjusted for inflation. Every year assumes, a sixty forty portfolio in other words, sixty percent equities forty percent in fixed income securities, and you probably won't run out of money. The problem with any rule of thumb is that it was done at a given point in time and that was in the nineties. If you recall the nineties were the longest bull run of the stock mar-. Market in history. And so what works then may not work today. And I've done a lot of analysis looking at the volatility that we have seen since the year two thousand and our stock markets. And if you were to apply the four percent, rule today. In fact, we just did this. We have a client that I'll call Elaine. And so a lane had about a million dollars in her portfolio. So these nother rule of thumb, we talked about, as a million dollars is enough. So we actually looked at if Elaine were to take that million dollars apply. The four percent rule and just make withdrawals, inflation-adjusted overtime would she have enough money to sustain her throughout retirement? It turns out that following that four percent rule, she would only have a sixty six percent probability of success or in other words, only a sixty six percent chance of not running out of money in retirement. We were able. To reposition some of those assets for her. Use them different financial tools different financial products for a portion of her portfolio, and we were able to raise that probability of success from sixty six percent. Ten ninety nine percent which would you rather have going into retirement? Sixty six percent chance of not run out of money or a ninety nine percent chance of not running out of money. This is the kind of analysis that we do every single day in helping people just think, through, what they should do with their money. How should they deal with the market's volatility today? We would love the opportunity to sit down with you and help you think through some of these issues to determine if you have enough money or not, or how you should be deploying, those funds to make sure the euro are going to have enough income throughout retirement. Give us a call right now. Our telephone number is three one six four two five three thousand that's three one six four to five. Three thousand make an appointment come in and sit down with us. The Sabah casual conversation. I'd love the opportunity to show you how we can give you a greater probability of success in your retirement, but you have to call. Call now three one six four two five three thousand the final retirement planning myths on the show today, they might not even be on your radar. Find out what they are, and why believing them could mean trouble for your financial health. That's next. Hey, Sean Hannity here. Now, you know, me, and, you know that I like people keep their word people say what they're gonna do, and then actually do it straight shooters. Honest dependable. They say what they mean. They mean what they say, and there's never any doubt about where they stand. You know, it's really rare to find these days. But when it comes to your finances, your retirement, well, it's worth going the extra mile to find that person that you feel you can trust. Well, let me do some of the leg work for you. You want a fiduciary, somebody who is required. Yes for quired to always act in your best interest notifies, who will be there when you need them. And you want someone who's been doing this retirement thing for a while right here in Wichita, you need to know. Randy.

Coming up next