Why I disagree with this “rule of thumb” from Fidelity.

I’ll keep this short.

One thing I have seen ruin #investment plans over and over is relying on a “rule of thumb” when it comes to financial planning.

Here are some of the most common:

1️⃣ The market always comes back

2️⃣ The market will make X% per year

3️⃣ In the video below I take a look at “you need X dollars” to retire successfully.

Will most rules of thumb work? Most likely. But WHY would you take a chance if you don’t have to?

See the “rule of thumb” in my financial planning software below👇.