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The WORST Retirement Lies Told By Finance Gurus

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38 comments
@kona6451

I have no kids, no heirs so I'll bump up to around 6%.

@jccomics1467

Hello, new subscriber. I've seen small niche youtubers do this but never CFPs such as yourself. What about never having to sell stock to live? Can you live off of interest, dividends, ss, and pensions and you dont have to worry about sequence of returns risk, recessions, etc? Yes, I know companies can cut dividends but aristocrats and diversification can lessen that risk. Can you do a scenario like that?

@johnspelman8976

The 4 percent rule is stupid. But your kids and financial advisor will love it

@AllenAitken

My plan to start is to use the 4% but don’t increase for inflation for future years. My wife and I will have SS and State pensions. Time will tell if that works. Adjust as needed.

@kckuc310

Dave is not a financial person, he’s a entertainer, that’s why he’s not liable

@tomatodo8334

It's also a lie to assume you will spend the same amount, plus 3% compounded every year, for the rest of your life. Data shows folks spending more in the early years of retirement, slow down spending in the middle year, and up again at the end due to medical expenses.

@NormCobbJrTourLife

It's a generalization, not to be taken literally. Unfortunately, people aren't taking accountability for their own Planning. It has to be taken into account day by day, week by week and month by month. Hence the you snooze you lose saying that we all have heard before.