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Ramsay getting blasted over 8% withdrawal rate
- Thread starter DHK
- Start date
- 4,576
LOL--Saw some relatives & few clients that were set up with 8% & 10% withdrawal rates in 1999.
The 8% withdrawal rate people were out of money by 2009(10 years) & those at 10% were out of money in 2007 (8 years).
one retired early at age 57 with $1M & it was all gone in by the time he was 67 & he went back to work for a fraction of the income. Worst part was he paid some tax penalties for taking money prior to age 59 1/2, also took SS early at 62, thus locking him & his wife in at the lowest possible forever SS checks.
Had he just worked 2-3 more years or part time & delayed withdrawals with a 4-6% WD rate, He would have collected $50,000 a year from 2003 to present ($1M --his original investment in S&P 500) & still had over $970000 still today. Not to mention delaying SS 2-3 years would have also boosted his lifetime SS check by 24% for as long as he or his wife lived.
Those 1990 pre-bubble returns got too many brokers & consumers drinking kool aid & sounds like Ramsey might think everyday have the money to lose .
The 8% withdrawal rate people were out of money by 2009(10 years) & those at 10% were out of money in 2007 (8 years).
one retired early at age 57 with $1M & it was all gone in by the time he was 67 & he went back to work for a fraction of the income. Worst part was he paid some tax penalties for taking money prior to age 59 1/2, also took SS early at 62, thus locking him & his wife in at the lowest possible forever SS checks.
Had he just worked 2-3 more years or part time & delayed withdrawals with a 4-6% WD rate, He would have collected $50,000 a year from 2003 to present ($1M --his original investment in S&P 500) & still had over $970000 still today. Not to mention delaying SS 2-3 years would have also boosted his lifetime SS check by 24% for as long as he or his wife lived.
Those 1990 pre-bubble returns got too many brokers & consumers drinking kool aid & sounds like Ramsey might think everyday have the money to lose .
- Thread starter
- #4
- 11,277
He's always sticking his nose where it doesn't belong...
https://religionnews.com/2022/09/02...cuments-show-righteous-living-oral-sex-hogan/
https://religionnews.com/2022/09/02...cuments-show-righteous-living-oral-sex-hogan/
entertaining people who listen to the radio long enough for them to hear commercials
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