Safe withdraw rent vs rental income
While listening to financial independence podcasts I picked up on some interesting info. For example, Dave Ramsey advises people their investments will grow at 12%, and they can safely withdraw at a rate of 8%. While I think Dave has some great points about the risks of debt, I’m gathering that his math is seriously lacking.
There’s a lot of debate regarding safe withdraw rates, but most reputable sources advise somewhere around 4% as a safe rate for 30 years of retirement. One FIRE (Financial Independence, Retire Early) podcast expert states that 3.5% is a reasonable withdraw rate for retiring early.
When it come to Real Estate, what do I need to consider about my rental property as I move into retirement? Are there any equivalents to withdraw rates, and expected growth rates.