The pitfalls of the oft-quoted “4% rule” for retirees will be explained by Raul Elizalde, president and chief investment officer of Florida-registered investment advisory firm, Path Financial, during the Nov. 14 Central Florida chapter meeting of the American Association of Individual Investors. Open to the public, the meeting begins at 6:30 p.m., and will be held at the University Club of Winter Park, 841 N. Park Ave., Winter Park. To register, visit aaii.com/localchapters.
The “4% rule” suggests that retirees can safely withdraw 4 percent of their retirement portfolio each year and still expect their savings to adequately last them through their retirement years. Elizalde will examine this rule in depth and explain why it relies on unrealistic assumptions about markets. He will share his insights on what investments make sense and discuss alternatives for arriving at a more sensible withdrawal rate. A question and answer period will follow.
Elizalde will make the same presentation in Sarasota in the coming months at a date to be determined. Interested investors, retirees and those planning for retirement, may obtain details by contacting Path Financial at firstname.lastname@example.org.
Over the past year, Elizalde’s investing insights have been published on the financial websites of Motley Fool, Morningstar and Yahoo! Finance. He was featured among the country’s most respected and innovative money managers in Max Isaacman’s 2012 book, “Winning with ETF Strategies: Top Asset Managers Share Their Methods for Beating the Market,” published by Financial Times Press.
Path Financial, based in Sarasota, is a Florida Certified Minority Business and is accredited by the Better Business Bureau. Elizalde is the Chair of the Asset Management Committee for the State College of Florida Foundation, and serves on board committees of other local nonprofit organizations as well. For more information, visit pathfinancial.net or call 941-350-7904.