How Much Do I Need To Retire With 3 Simple Steps. Subscribe to this channel here: https://bit.ly/Streamline-Youtube ----------------------- 🎁 [GET THE FREE GUIDE] How to Find Your Purpose In Retirement https://davezoller.com/retirement 🏝 [HOW MUCH YOU NEED TO RETIRE?] Take The QUIZ To Find Out How Much You Need To Retire https://streamlineplanning.com/free-resources/ 👍 [LET'S CHAT] https://streamline.typeform.com/to/icE3eC ----------------------- Link to The 3-Bucket Retirement Withdrawal Strategy: https://youtu.be/kfmVvVX_uo4 Here's the link to the blog article I referenced on Dave's site: https://www.daveramsey.com/askdave/saving/6169 Dave Ramsey has this post on his site about how much it takes to retire. But I was surprised by it and, in my opinion, I think we should be careful when listening to it. Why should we be careful with following this advice about "How much do I need to retire?" Here are 3 reasons for my opinion; 1.This advice forgets about the Sequence of Return Risk. A person who retires in 2007 right before the financial crisis has a much different long term outcome than someone who retired in 2002 2.This advice seems to assume you will get a 12% return. My guess is that you'd have to be comfortable with the majority of your portfolio invested very aggressively in order to achieve that sort of return. If you're like most of our clients, you might not want to be 100% invested in aggressive investments. Sometimes you want some shock absorbers in there for bad market periods. Maybe something like the 3 Bucket Strategy? https://youtu.be/kfmVvVX_uo4 3. This advice doesn't take into account unexpected expenses. Your life isn't static, neither should your retirement plan be. So if Dave Ramsey got this wrong, in my opinion, What's the better way to do this? Watch the video to learn more. Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Streamline Financial Services, LLC or its members cannot be held liable for any use or misuse of this content.