 |
The Money KnightAuthor: Wade Chessman
Financial and retirement guidance from CERTIFIED FINANCIAL PLANNER professional Wade Chessman, President, Wealth Advisor of Chessman Wealth Strategies in the Dallas, Texas area. Wade is the author of Giving Transforms You and hosts this podcast to help you better prepare for your financial future and to retire with financial confidence. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 7557 Rambler Road, Suite 1010, Dallas, TX 75231. 214-572-2120. Language: en Genres: Business, Investing, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
Listen Now...
The 4% Rule vs. the 8% Rule: What's the Right Withdrawal Rate for You?
Episode 168
Thursday, 6 August, 2026
📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ Dave Ramsey has built one of the most recognized brands in personal finance. Millions of people have followed his advice out of debt and into savings. But when it comes to how much you should pull from your retirement accounts each year, Ramsey takes a position that some financial professionals find hard to get behind. Today we're breaking it down: what he says, what the research says, and what your advisor actually thinks. In this week’s Kingdom Minute, you’ll learn why biblical stewardship is not about pursuing wealth or glorifying poverty, but faithfully managing what God provides with wisdom, generosity, and contentment. Here’s some of what we discuss in this episode: 📊 Average returns do not happen evenly each year 📉 Market losses can magnify withdrawal risks 💰 The 4% rule is only a starting point ⚖️ Your withdrawal rate should fit your plan 🧩 Social Security and pensions affect withdrawals 🙏 Biblical stewardship avoids financial extremes Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. Generally, a donor advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor’s representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Donors take a tax deduction for all contributions at the time they are made, even though the money may not be dispersed to a charity until much later.
