"8% is safe because all mutual funds make 12%!!!" - Dave Ramsey

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Mar 14, 2019
9:33:51am

molodyets All-American

"8% is safe because all mutual funds make 12%!!!" - Dave Ramsey

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molodyets

Previous username: patches1391
Bio page: molodyets
Joined: Mar 26, 2006
Last login: Jun 1, 2024
Total posts: 43,457 (19,401 FO)

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Messages

Author

Time

POLL: How much do you plan to withdraw from your 401k every year when you retire?

ballen

3/14/19 9:16am

Relevant link

molodyets

3/14/19 9:21am

<< Deleted >>

Buffalo

3/14/19 9:22am

No contrarian post yet, I'll go. Zero, because I'll roll my 401k into an IRA so that I can have better fund options and

Pimpin4Paradise

3/14/19 9:25am

How is that taxed? When you roll it over?

ballen

3/14/19 9:27am

Roll to a traditional it's not, to a Roth you pay on whatever you rolled

molodyets

3/14/19 9:30am

<< Deleted >>

Buffalo

3/14/19 9:27am

Seems silly to think I could have such a detailed plan for 30-35 years from now

Odysseus

3/14/19 9:28am

board name checks out

stoils

3/14/19 9:30am

Yep everyone’s attitude on this can be so diffetent

cougfanz

3/14/19 9:34am

Sure, I have a spreadsheet that helps me sleep at night with toggles for salary

Odysseus

3/14/19 9:43am

<< Deleted >>

Buffalo

3/14/19 10:03am

Got it. Well you’re more analytical than me so I take back my comment

cougfanz

3/14/19 10:14am

<< Deleted >>

Buffalo

3/14/19 9:38am

"8% is safe because all mutual funds make 12%!!!" - Dave Ramsey

molodyets

3/14/19 9:33am

Does this poll assume the federal government doesn’t illegally confiscate

UNLVcougar

3/14/19 9:40am

<< Deleted >>

Buffalo

3/14/19 9:41am

Yeah...funny how that works.

UNLVcougar

3/14/19 1:47pm

I do worry that they tax rate will be so high by the time I retire that it will

ballen

3/14/19 11:37am

I draw a portion of the dividend. Never touch the principle.

3/14/19 10:13am

What happens if there's a downturn and your principal gets cut in half?

molodyets

3/14/19 10:18am

Dividends are paid based on the number of shares, not the value of the stock.

3/14/19 10:22am

if the value tanks that much (a la 2008) your dividend is going to tank with it.

molodyets

3/14/19 10:26am

Not so. Not even one penny. Dividend paid on number of shares, not value.

3/14/19 10:28am

Until the economy tanks and the dividend per share gets cut by the company

stoils

3/14/19 10:27am

That is the risk. Invest in strong dividend companies. They don't cut.

3/14/19 10:29am

Like GE?

kos

3/14/19 11:17am

Nope. Like OKE.

3/14/19 3:40pm

Ah ok got it. So can you just let the rest of us know, of the companies that

kos

3/14/19 8:54pm

Can't you just live off the interest?

Ssebo

3/14/19 11:55am

Sure.

SuperTank

3/14/19 12:05pm

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