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The post on Ramsey Solutions recommends going back to your traditional 401(k), 403(b) or TSP workplace retirement plan. Keep bumping your contribution up until you hit 15%.
Ramsey suggested investing 15% of your gross income in good mutual funds, something you can do through tax-advantaged retirement accounts like an IRA or 401(k). The reason for the 15% goal is simple.
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If your savings is $164,000, then the 8% rule gives you $13,120 to spend your first year of retirement (in addition to Social Security). An 8% Retirement Rule May Be Possible (If You Retire Later)
When you evaluate your retirement savings performance, Ramsey says you should look at your mutual funds and compare their performance to that of the S&P 500. ... Dave Ramsey: Ask 4 Questions To ...
Dave Ramsey approaches retirement planning with the same common sense attitude as the rest of this financial advice. Check Out: The New Retirement Problem Boomers Are Facing For You: 4 Unusual ...
Many people dream of an early retirement but may not think it's possible to reach this milestone in their current financial situation. However, money expert Dave Ramsey writes on his website Ramsey...
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