The 4% rule in retirement, drawing 4% of assets annually, has been a standard for 30 years. Dave Ramsey challenges this, suggesting a 5% withdrawal rate is safe, projecting a 12% mutual fund return. Suze Orman warns against the 4% rule, advising a maximum 3% withdrawal for retirees in their 60s.

Ramsey’s optimism about mutual fund returns may not reflect reality. Orman’s conservative approach suggests withdrawing as little as possible is safer. Starting aggressive savings early is key to retirement security, regardless of which expert’s advice you follow.

Considering a gold IRA as an inflation-hedging asset is an option for retirement funds. Gold is historically a hedge against inflation, offering a solid alternative investment to diversify an IRA portfolio as its price rises. Goldco assists in opening a gold IRA with significant tax advantages.

Certificates of deposit (CDs) have regained popularity due to rising interest rates. CDs offer low-risk savings with returns exceeding 5%, higher than high-yield savings accounts. To earn the higher rate, funds must be deposited for a fixed period. Passive income streams are emphasized by Ramsey for debt reduction and savings.

For tailored retirement planning advice, consider seeking help from fiduciary advisors. Advisor.com connects individuals with transparent and ethical advisors based on financial needs and long-term goals. A free consultation can help determine if the advisor is the right fit for personalized retirement planning.

Read more at Yahoo Finance: Dave Ramsey vs. Suze Orman on the 4% rule: Who’s right?