Can You Realistically Follow Dave Ramsey's 8% Retirement Rule? [Yahoo! Finance]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Yahoo! Finance
So he probably wasn't surprised at the pushback he got for proposing an 8% retirement rule rather than the more conventional 4% retirement rule Check Out: Retirement Spending — 9 Things Even Spendthrifts Don't Waste Money On Read Next: 4 Genius Things All Wealthy People Do With Their Money As Morningstar noted , Ramsey recommended that retirees invest all of their assets in equities and then withdraw 8% a year of the portfolio's starting value, with each year's expenditures adjusted for inflation. For example, if you have a $500,000 starting portfolio, you would withdraw $40,000 in Year 1. If inflation is 3%, you would withdraw $41,200 in Year 2, $42,436 in Year 3, and so on. The idea is that the typical stock market return of around 10%-11% a year will cover your 8% and the inflation. That's much different than the 4% rule, which recommends that you spend no more than 4% of your investments during the first year of retirement and then adjust the total every subsequent year to
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SYF
News
- Here's Why Synchrony (SYF) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- Synchrony Selects Atlanticus for Preferred Second Look Financing ProgramPR Newswire
- Synchrony Financial (NYSE: SYF) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Philander Smith University, Synchrony Bank invest in education [Yahoo! Finance]Yahoo! Finance
- Synchrony (SYF), LG Electronics to Enhance ESS Financing Options [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 4/24/24 - Beat
SYF
Sec Filings
- 6/13/24 - Form 8-K
- 6/10/24 - Form 8-K
- 6/3/24 - Form DEFA14A
- SYF's page on the SEC website