Why Dave Ramsey’s 8% Rule is Terrible Advice 🤔

Published: 16 October 2024
on channel: Mike's Financial Edge
1,393
33

Dave Ramsey recently claimed that an 8% withdrawal rate from an investment portfolio is safe for retirees. Unfortunately, his logic is flawed, and retirement spending math is not as simple as he suggests. This recommendation ignores key factors like the sequence of returns risk, which can greatly impact your retirement savings. To understand why, check out the two videos linked below.

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Videos to Watch:
Sequence of Returns Risk Explained:    • Sequence of Returns Risk Explained: A...  

The 4% Rule Myth: Can YOU Afford Retirement?    • The 4% Rule Myth: Can YOU Afford Reti...  

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#retirement
#retirementplanning


Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for educational and entertainment purposes only and should not be construed as financial or legal advice. It is imperative that you conduct your own research and, if needed, get professional advice suited to your unique circumstances. I am merely sharing my passion for personal finance, stock market investing, other types of investing, and overall money management to help people achieve their financial goals. This video is purely for entertainment purposes.


Watch video Why Dave Ramsey’s 8% Rule is Terrible Advice 🤔 online without registration, duration hours minute second in high quality. This video was added by user Mike's Financial Edge 16 October 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 1,393 once and liked it 33 people.