Lump Sum vs Pension--What is the 6% Rule (Five Question Friday)

Welcome to the first episode of Five Question Friday (FQF). I'll answer five questions from past live shows that we didn't get to. Today, we're covering the following questions:

0:00 - Intro
0:48 - Is the 6% Rule on Lump Sum vs Pension Reasonable?
3:53 - What will my stock/bond allocation be when I reach 65?
7:41 - How do you decide between a Roth Conversion and 0% Capital Gains Harvesting?
13:44 - What's the best credit card for travel?
18:03 - Should an early retiree pay off their low-rate mortgage?

1. Is the 6% Rule on Lump Sum vs Pension Reasonable?
2. What will my stock/bond allocation be when I reach 65?
3. How do you decide between a Roth Conversion and 0% Capital Gains Harvesting?
4. What's the best credit card for travel?
5. Should an early retiree pay off their low-rate mortgage?

Kitces Article: https://www.kitces.com/blog/navigating-income-harvesting-strategies-harvesting-0-capital-gains-vs-partial-roth-conversions/
CFPB Pension Article: https://files.consumerfinance.gov/f/201601_cfpb_pension-lump-sum-payouts-and-your-retirement-security.pdf
Fidelity Pension Article: https://www.fidelity.com/learning-center/personal-finance/retirement/lump-sum-monthly-pension
Travel Credit Cards: https://www.allcards.com/travel-reward-credit-cards/
Cash Back Credit Cards: https://www.allcards.com/best-cash-back-cards/

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While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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