Generally speaking, there are two “camps” (or schools of thought) for investing for and creating an income stream in retirement. The first could be called the “probability-based approach,” and the second the “safety-first approach.” These “camps” share some things in common but are often at odds with each other. The key difference is that the … Read more
A sustainable withdrawal rate is integral to a wise retiree’s financial stewardship plan. Your withdrawal rate determines how much money you’ll take from your retirement savings to add to other sources of income to meet your spending needs. I became aware of a video of one of Dave’s recent shows in which he discussed retiree … Read more
I recently discussed asset allocation and diversification with some friends, a couple in their 50s. In the context of that conversation, they asked me what I thought about Dave Ramsey’s investing recommendations. (They were concerned that they may invest too conservatively for their age and goals.) I told them that I respect Dave and agree … Read more
I announced earlier that I would soon publish my next book, Redeeming Retirement: A Practical Guide to Catch Up. I’m excited to announce that it’s been released and is now available on Amazon in both paperback and Kindle editions! In this article, I want to tell you more about it and offer some giveaways to celebrate … Read more
Whether you’re just starting out in your 20s or 30s or are getting close to retirement, Dave Ramsey has a lot to say to you about saving and investing for retirement. In fact, my involvement with Dave and Financial Peace University (FPU) and also his Financial Coach training program were some of the main inspirations behind my … Read more
I wrote an earlier article giving some reasons why I like Dave Ramsey. Fact is, a lot of people like Dave (and especially what he teaches). But despite his influence and popularity, Dave also takes a lot of heat from some people. I guess that’s to be expected. It doesn’t seem to bother him; in … Read more
Before I get into the reasons why I like Dave, take a look at the picture of me taken with him at his offices in Nashville. (I’m the bald-headed guy.) Notice that I put my hand on his shoulder, but his are in his pockets? That’s because I’m a “wanna be.” (By the way, as … Read more
In my recent series of articles about what to do if you think you are behind in saving for retirement, I reviewed some of the current thinking about retirement savings targets based on your pre-retirement income. That raises an important question. If you decide that you want to try to have a certain amount by … Read more
