Is an 8% Safe Withdrawal Rate... Safe?

Dave Ramsey recently claimed that an 8% withdrawal rate from an investment portfolio is safe for retirees.

Unfortunately, his logic is flawed, and retirement spending math is not as simple as he suggests.
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[kevinkakegames]

It's amazing how someone can be so successful at giving financial advice when they actually know so little about many important aspects of personal finance.

[mikephilpot]

Dave needs to stick to telling people to stay out of debt and stop giving out other advice. Following his advice on other topics is just wrong and in some cases dangerous and hurtful. This is just one of many examples.

Big thumbs up on the video Ben. Keep ‘em coming. 👍

[ofnokrt]

I am so grateful that i can forward your videos to my friends and family whenever they have a personal finance/investing question. Thank you for being a rational voice in an online sea of quacks 🙏

[MoementumFinance]

I am glad you're factually calling Dave out on his superficial claim!

[johnnysimes]

Dave is great for preaching investment ethics, like saving, delayed gratification, & avoiding debt. But his investment advice is often sketchy.

[soundslight]

Thanks, Ben. Please delight us with your presence more often

[eirani]

Ben the best I know that does YouTube videos on finance & investing. This is the real deal.

[salazarbernardo]

One of the few keeping YouTube worth it.

[hopefilledfinancial]

Hi, Ben! I have been a fan for a few years now. Thank you for covering the call from 11/2 so well.

[EdithEsquivel]

I only watch Dave for the gossip. I watch Ben Felix for the actual wisdom

[JRvillablancademendoza]

Thank you for what you do Ben!! You’ve definitely kept me aligned with my long term financial goals.

[sailingtheworldwithgreengh]

Lol, Cmon Dave be better AND DO HARD THINGS. Big fan of RR podcast and YT channel - we are living the life of retirement in instalments. Ben, I enjoy your deep dives. Thanks for your great work.

[georgec]

Clicked the thumbs up immediately as I knew what Ben Felix would say. The fact the video is under 3 minutes would normally be a negative, but actually says it all on its own 😂👍

[gazhel]

C'mon Dave, be better! That's a shout out to all Daves btw

[jackboyle]

The weather is getting colder. Ben’s beard is coming back. The holidays are here!

[samsonsoturian]

Mr. Ramsey is notoriously optimistic. If he says it's reasonable, it's a best case scenario.

[ajbahlam]

All depends on the expected death time

[NikedasSirekios]

Ben, thank you so much for making these short, straight to the point videos. They're greatly appreciated!

[glen]

Dave understands accounting for risk when it comes to not using leverage for loans. How does he not get to account for risk here too?

[halcyonity]

“I ❤ DIVIDENDS” - oh Ben, you sneaky devil. Keep up the good work!