Listen: Four Percent, Forty Thousand Dollars And Twenty Percent discussed on Retirement Rescue
"A true plant in a true retirement income strategy that looks at all of the various factors that you need to win. When building these plans, it doesn't matter if the stock market goes down twenty percent because it's not going to change your life. It's not going to impact your retire. Income if I go into a fidelity office right now. And I'm not picking on fidelity. They're the same as all the other brokerage firms out there if I walk into a fidelity office with a million bucks. And I say put me a retirement plan together, they're going to recommend some stock funds some bond funds more bond funds. If my risk is low more stock funds if my risk is is. Hi, my risk tolerance. And I asked him where should I take income from the IRA the non IRA they're gonna tell me to just take about four percent per year. And that's their income strategy. Well, if I take four percent of my portfolio, and a million bucks that's forty thousand dollars a year of income. But what happens if the market goes down."