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Caller: “I have $3.5 million in retirement savings, but I’m still scared to retire. I’m wondering if I’m actually ready to pull the trigger or if I should keep working.”
Dave Ramsey: “You have a ‘math’ problem and a ‘heart’ problem.”
Dave Ramsey: “When you have $3.5 million, you are sitting on a gold mine that can comfortably fund your lifestyle without you ever touching the principal if you invest it wisely.”
“The fear you’re feeling is normal.. it’s the transition from ‘accumulation mode’ to ‘distribution mode,’ and that’s a massive mental shift.”
“Don’t let the fear of running out of money keep you chained to a desk you don’t need to be at. Run the numbers, look at your withdrawal rate, and realize that you have officially won the game.”
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