Dave Ramsey suggests how couple who ‘don’t have enough’ to retire could reach £2million

Dave Ramsey suggests how couple who ‘don’t have enough’ to retire could reach £2million

“Anything I can put money into and keep the governments hands of it.”

Mr Ramsey went onto explain to David how the stock market works, and how he could potentially use it as an income source once retired.

He said: “The stock market, since it began, has averaged 11 percent so if you’re invested in decent mutual funds, you should be in the 10 to 12 range.

“So, if you retired and had $1million and you wanted to pull off eight percent while earning more than eight percent on your money hopefully, that’s what you would have been doing on your money away, then that would be $80,000 (around £60,457.21) dollars a year.

Published at Sat, 04 Dec 2021 13:12:00 +0000