Ramsey: Don’t Plan Retirement Around an Inheritance

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Source: Yahoo Finance
Ramsey: Don’t Plan Retirement Around an Inheritance
Photo: Yahoo Finance
TL;DR Summary

Dave Ramsey tells a caller that planning retirement around an expected inheritance is risky: Keith’s $800k, three-property rental portfolio is yielding only low single digits, and his $500k in retirement savings plus salary aren’t enough to rely on inheritance. Ramsey says to fix your own balance sheet first, calculate true yields, raise rents to market, and build a retirement plan as if nothing will be inherited, because inheritances can be spent or redirected at any time.

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