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