Suze Orman Calls 4% Rule DANGEROUS for Retirement (#245)

Episode Summary: The primary fear of many Christian investors is running out of money in retirement. In this episode, Ridgeway explores the concept of the 4% retirement rule and its implications in today's economic climate, drawing insights from financial experts like Suze Orman.

Key Takeaways:

1. The 4% Retirement Rule: Ridgeway explains the origin of the 4% retirement rule, coined by financial planner Bill Bengen, which suggests retirees can safely withdraw 4% of their retirement savings annually. However, recent critiques by experts like Suze Orman have labeled it as "very dangerous."
2. Economic Volatility and Withdrawal Rates: Orman advises caution in relying solely on the 4% rule, advocating for lower withdrawal rates, especially in times of economic unce ...