Tag: Marital financial strategies
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Financial Challenges Loom as 55-Year-Old Faces Retirement With No Savings – Experts Warn of Struggles Due to Dependents, But Hope Lies in the 15% Rule
Paul, 55, sought financial assistance on Dave Ramsey’s show since he had no retirement funds. Paul was worried about his finances after a painful divorce. Ramsey, a finance expert, urged Paul to first construct a three- to six-month emergency fund and then invest 15% of his income in retirement. Financial Challenges for Jacksonville Resident: Dave…