Breaking Financial Rules (Ep. 60)

By Relax, It's Retirement | July 23, 2024

Are you ready to break some financial rules to optimize your retirement planning?

Today, we’re challenging the rules of retirement planning to see when breaking them might actually be in your best interest.

In this episode, Josh Leonard and his partner in crime, Pete Belcastro dive into five conventional financial rules that many believe are set in stone but might be worth reconsidering to better fit individual needs. They discuss why paying off your mortgage before retirement, avoiding credit cards, and rigidly maintaining a budget might not always be the best advice. Instead, they offer nuanced views and actionable insights on when to break these rules to suit individual financial needs and goals better. Join their discussion as they talk about how to achieve a more nuanced and personalized approach to financial planning, ensuring a more robust and flexible retirement strategy for listeners.

Josh and Pete discuss:

The true impact of paying off your mortgage before retirement
The benefits and drawbacks of using credit cards in retirement
How to maintain a realistic budget without sacrificing quality of life
The importance of re-evaluating the “100 minus your age” rule in investment strategies
And more