Why You Should Be Skeptical of Financial “Rules of Thumb”
Prairie Eco-Thrifter
MAY 1, 2013
While it’s nice to think that stocks offer 10% annualized returns over 20 years, the reality is that the S&P recently only returned 7.89% over a 20-year period (according to the most recent DALBAR survey). Instead of just buying 10 times your annual salary for life insurance, sit down and figure out what your really needs are.
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