Why the 4% Rule is Just a Starting Point

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 5 April 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Jake and Gino in this insightful episode as they give the 4% rule of retirement withdrawals a good, hard look, and showing you why it's just the tip of the iceberg. They delve into the history of defined benefit plans and the inception of 401k and 529 plans, all while asking the important question: Were these plans created just for the government to get their grubby hands on your hard-earned cash? Hmm, makes you wonder... Jake and Gino are breaking down why the 4% rule is about as reliable as a two-dollar watch. It doesn't factor in all the unpredictable craziness that life throws our way, like market crashes, fees, taxes, inflation, and who knows what else! We're talking 9/11, the 2008 financial meltdown, and even the COVID pandemic. Yikes! So, buckle up and get ready to learn why putting all your eggs in the 4% basket might leave you high and dry. Trust us, you won't want to miss this episode! Key Moments: 00:00 Intro 01:22 What is “the 4% rule”? 05:25 At retirement, you don’t have a net worth problem. Instead, you have a cash flow problem 07:16 Flaws of relying on the 4% rule for retirement planning 11:19 The right way to invest your money to inflation-proof your portfolio 13:07 Key to sound, multi-family investing 15:38 Create wealth not by investing in 401K but through a more holistic approach towards financial planning 18:32 Have the best of both worlds utilizing the Dual Asset Strategy (Get in touch with 100-Year REI Team for more) To know more about long-term personal financial engineering and options for building legacy wealth, connect with our Team at www.100year.com Bonus resources: For more on investing and building long-term wealth, check out this podcast on The Barbell Investment Strategy: https://100yearrei.com/how-does-barbell-strategy-work-w-rick-sapio/ SCHEDULE A Call: https://100yearrei.com/callnow/ ^To talk to our Team about adding a Permanent Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here^ About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-... #legacywealth #lifeinsurance #financialplanning #personalfinancialengineering #generationalwealth The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Jake and Gino are not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.Why the 4% Rule is Just a Starting Point

Transcript

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0:00.0	Hello, everybody, and welcome to the 100-year real estate investor.
0:08.8	Your host Jake and Gino, and this is the show dedicated to long-term personal financial engineering.
0:13.3	Gino, how's it going?
0:13.9	Jake, I'm doing good today.
0:15.0	We're going to be talking about a couple of topics here.
0:16.8	We're going to veer off topic.
0:18.4	We're going to be talking about the 4% rule, but we're going to throw in a little stuff that my boy made me watch. You made me watch a documentary. And it's mind-blowing. coming upon as you're listening to this show. We're like, wow, these guys have been through a cycle already.
0:38.2	They know the cycle's coming.
0:39.4	What do we need to do to protect ourselves with this onslaught that is going to be as quickly
0:44.3	approaching?
0:44.9	Yep.
0:45.2	And it's not sexy and it involves discipline.
0:47.4	So we'll see if you, you know, if you don't like that, you might want to exit right now and
0:50.7	that's okay too. So, Gino, you were you were literally educating me before the
0:55.5	show on the 4% rule and how much you need to save for retirement. So why don't you do the honors
1:01.4	and tee it up for the folks out there? So I'm going to read it because that doesn't really make
1:04.9	sense to me why anyone would do this with their portfolio. I was like, what? I'm just going to
1:09.3	risky. Because this is all about
1:10.9	Wall Street. This is about them controlling your money. That's just the reality. Why do we get the
1:16.3	401k? The defined benefits was great back in the 60s and 70s, but you know what Wall Street
1:20.6	wanted your money? So they created the 401k. They create the 529. With the 4% rule, you add up
1:26.1	all of your investments and withdraw 4% of that total during your first year of retirement.
	...

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