What is the BEST rate of withdrawal in Retirement?

Dave Ramsey has been trending online for suggesting an 8% retirement withdrawal rate in retirement. Is he right? What is the best withdrawal rate for retirement? Stay tuned for the answer!

In this video, I cover retirement rate of withdrawals in depth and provide 5 factors that will influence your decision making. I also analyze the most common rules of thumb along with Dave Ramsey's recent suggestion and explain when you might be inclined to take a higher withdrawal and when you would want to follow a more conservative approach.

Remember, Financial Freedom is found through Discipline 👏

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Timestamps:

00:22 - What does the term rate of withdrawal mean
01:39 - The 4% withdrawal rule
02:33 - The 5% withdrawal rule
03:38 - Dave Ramsey's 8% withdrawal rule
04:24 - The 5 factors that will affect your withdrawal rate planning
05:04 - Life expectancy
06:13 - Expected investment returns
07:38 - Dave Ramsey's 12% expected returns rate
08:35 - Inflation
09:41 - Other sources of income
10:21 - Planning for the unexpected
11:30 - What is the best rate of withdrawal?

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Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

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