EP 206: Retirement Investing: Dave Ramsey’s 8% Withdrawal Rate

In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management discuss  Dave Ramsey's concept of an 8% withdrawal rate in retirement.

The personal finance expert recently landed in hot water after an on-air rant about the popular 4% rule for retirement withdrawals. 

It all started when a 30-year-old man with $120,000 already saved for retirement called into “The Ramsey Show” to ask what percentage of his assets he should plan to withdraw in retirement over a 30-year time period.

Ramsey's retirement advice has landed like a lead balloon among other money professionals, with some calling his rate suggestion "scary," and "incredibly dangerous."

So, how do you figure our what's right for your retirement?

Listen to our episode to learn more.

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Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.

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