In this video, I’m breaking down two of the most misleading retirement “rules” that continue to circulate online — Dave Ramsey’s 8% withdrawal rule and Suze Orman’s $5 million to retire claim. While these ideas might sound empowering, they can actually set you up for disaster if you follow them blindly. I’ll explain why retirement planning plays by a completely different set of rules — where the goal shifts from building wealth to protecting it — and show you how sequence of returns risk, inflated market assumptions, and one-size-fits-all advice can destroy even the best-laid plans. Plus, you’ll see how a structured approach using retirement “buckets” can give you far more stability, even in uncertain markets.

#retirementplanning #daveramsey #suzeorman #retirementmyths #financialfreedom #investing #retirementincome #retirementstrategy #personalfinance #financialadvisor

00:00-Intro

00:30-Why Retirement Planning Plays by Different Rules

01:25-Myth #1: Dave Ramsey’s “8% Withdrawal Rule”

02:45-Why the 8% Rule Doesn’t Work

08:25-The Smarter Approach

09:18-Myth #2: Suze Orman’s “$5 Million to Retire” Rule

10:10-The Case Study: Professor Pat

12:15-The Real Lesson

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

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