The 60:30:10 Rule, a successful strategy with a plan and an full understanding of your objectives is key to preserving your spending power in retirement.
What is the ‘60:30:10 Rule’?
We believe that a successful strategy starts with a plan and an full understanding of your objectives.
One of the key lessons in this 60:30:10 rule is taking a long-term perspective and we have seen over time, this gives people a greater capacity of spending power. Some achieve this in their 50’s others take a little longer.
Given this, our focus is generally best served by broad diversification and long-term investment using the 60:30:10 rule. Having said that, is always specific to YOUR goals and objectives.
In practice, the sources of your daily savings / spend plan should look like this split and then replicated as your source of retirement income when that time comes.