In this episode, we dive into a video made by Dave Ramsey where he talks about retirement withdrawal rates. We point out the problems with his advice, especially the difference between average returns and actual returns. We also explain why understanding the order of your returns (called the sequence of returns) is super important when you retire. Plus, we discuss safer ways to plan your retirement income, like using income annuities.
There are only four reasons anyone ever buys an annuity—and in this episode, I walk you through each one using a simple acronym: P.I.L.L....
Join Marty as he explains what these fees are, how they work, and why they're an essential part of your annuity contract. What to...
By gaining a deeper understanding of different annuity options and recognizing the pitfalls of overly optimistic financial projections, retirees can make decisions that protect...