Have you ever heard of the Rule of 100? This rule suggests that you should subtract your age from 100 to determine the percentage of your portfolio that should be in stocks. What about the 75% Rule, which claims that you will only need 75% of your pre-retirement income to maintain your lifestyle in retirement? 

In this episode, Toni and Tyler are here to share why these common financial rules of thumb just don’t cut it when it comes to your unique financial situation. While these rules can be a good starting point, they're often too simplistic to apply to everyone. Stay tuned for insights on why a personalized financial plan is crucial for a successful retirement, and how following generic advice could leave you short.

Here’s what we discuss in today’s show:

• Financial rules of thumb have limitations and can be misleading
• The danger of the Rule of 100 
• Breaking down the 75% Rule
• The three distinct phases of retirement 
• Why personalized financial planning is crucial for a successful retirement  

Key Takeaway

"Trying to do a financial rule of thumb is also like knowing [to] eat healthy and exercise. Okay, that's a rule of thumb, but if I have a real medical problem, I can't just WebMD it."

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