Dave Ramsey told a Ramsey Show caller it’s possible to withdraw at 8% in retirement — but Suze Orman has called even 4% ‘very dangerous’. Who’s right?
The 4% rule in retirement has been a widely accepted retirement standard for over 30 years. Briefly, the rule states that you should draw 4% of your assets from your investments each year in retirement. This should, in theory, allow you to maintain a comfortable standard of living while continuing to let your investments appreciate […]
Here’s how much Americans have saved up in their retirement accounts by age — are you ahead or way behind?
Almost half of American families don’t have a dedicated retirement savings account, according to the Federal Reserve’s 2022 Survey of Consumer Finances. The survey, which includes the latest government data, reveals only 54.4% of American families reported having dedicated retirement accounts such as a 401(k) or IRA. While it’s possible they may be saving for retirement outside of these […]