On this episode, Mike addresses the recent controversial financial advice from renowned personal finance radio host, Dave Ramsey. In a bold statement, Ramsey suggests retirees remain 100% invested in stocks and withdraw 8% annually, without worry. Mike shares the potential pitfalls of this advice, covering the risks of sequence of returns and highlighting historical market downturns and upturns.

Stressing the need for a personalized approach, while cautioning against generic blanket advice for retirement finances, Mike emphasizes the significance of understanding tax implications, account types, and the potential impact on Social Security and Medicare.

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