You Need A Budget

Before you can make an effective plan, you need to gather some information.  I'd argue the two most important bits are: How much money is coming in? How much money is going out? Which means, with all due respect to Jesse Mecham: You need a budget. Fortunately: Budgeting is really simple. However: Budgeting is not …

Case 2: Mark

Background I was listening to the Dave Ramsey Podcast yesterday, and Mark (Age 56) from San Antonio called in.  You can hear the exchange using the above link and starting at 38:06.  Mark asks about how much money he can safely take from his nest egg in retirement, citing advice he's received from 4% withdrawal …