11min chapter

How to Money cover image

Breaking Broke w/ George Kamel #782

How to Money

CHAPTER

Strategies for Safe Withdrawal Rates in Retirement

This chapter explores the concept of safe withdrawal rates for retirees and the personalized nature of this decision. It discusses Dave Ramsey's approach of withdrawing 8% from retirement accounts and the importance of balancing the desire to leave money for heirs with avoiding entitlements. The chapter also touches on the psychological hurdle of seeing the retirement account balance go down and the importance of helping retirees feel comfortable with this.

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