Planning a retirement can seem like trying to pin a tail on a moving donkey. Blindfolded. Without a donkey. It’s a weird moving target that may seem a long way off in the future. Plus, how much money do I need to retire? This week I talk to Todd Tresidder, founder of FinancialMentor.com and author of several personal finance books who himself retired at age 35 – seriously – and has clear ideas about how anyone can make their retirement dreams possible.
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In this session you will discover:
- The alternative retirement models which complement the traditional model
- How the adviser community has done itself and its client no favours
- Why the safe withdrawal rate is a dangerous, but useful number for retirees
- Todd's Rule of 300 – an important rule of thumb
- A great strategy for for extending the time you can draw form your portfolio in retirement
- Total Return vs Natural Income – Todd's view
I loved talking with Todd, and his book, How Much Money Do I Need To Retire? is a belter. It's a quick read but has everything you need to KNOW and everything you need to DO to retire on your own terms.
There are a couple more resources below, but for a full transcript, just press the mahoosive blue button below:
Resources mentioned in this show
Todd's website: FinancialMentor.com
Todd on Twitter: @financialmentor
Todd on Facebook: facebook.com/financialmentor
Post on FinancialMentor: How Anyone Can Retire In 10 Years (Or Less)
Post on FinancialMentor: Retirement Planning Checklist
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My thanks to Drrichp01 and MagicCarpet007 for their reviews this week.
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