Retirement

Dave Ramsey Says the 4% Rule

Dave Ramsey Says the 4% Rule is Ridiculous and 10% Withdrawals are Possible

Personal Finance / By

The 4% rule is a well-known guideline for retirement withdrawals. It states that retirees can safely withdraw 4% of their nest egg each year in retirement. However, popular finance personality Dave Ramsey thinks this rule is overly conservative. He believes withdrawal rates of 6% are a better starting point upwards of 10% are reasonable for …

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So, What's Your Financial Independence (FI) Number

So, What’s Your Financial Independence (FI) Number?

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So, you’re curious about financial independence and that elusive FI number, huh? Well, you’re in the right place. Understanding this critical figure is like having a financial GPS guiding you through the maze of savings, investments, and lifestyle choices. This article will explore why this number is so crucial, how to calculate it, and what …

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Is $3 Million Enough to Comfortably Retire On

Is $3 Million Enough to Comfortably Retire On?

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Retirement is a significant milestone that many people eagerly anticipate. However, the financial uncertainties that accompany it can be overwhelming. One of the most frequently asked questions by those approaching retirement is: “How much money do I need to retire comfortably?” While $3 million is substantial, its adequacy for a comfortable retirement is influenced by …

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You Must Let Go of These 15 Things to Retire Early_ Most Can't - Can You_ (Retirement Planning)

You Must Let Go of These 15 Things to Retire Early: Most Can’t – Can You? (Retirement Planning)

Retirement / By

Retiring early is a dream for many, but it’s often easier said than done. They leave their careers and give up the steady paycheck decades before the norm goes against conventional wisdom. Why do so few retire early, even if they are financially able? The underlying reason is just how mentally tricky the transition can …

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6 Big Purchases Retirees (Almost) Always Regret

6 Big Purchases Retirees (Almost) Always Regret

Retirement / By

Entering retirement signals a momentous shift in one’s life. Freed from the constraints of a 9-to-5 work schedule, many dream of spending their hard-earned savings on grand adventures, luxury goods, or ambitious investments. However, some of these seemingly attractive expenses can quickly turn into financial burdens, leading to regret and stress in a period that …

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