Dave Ramsey suggests how woman who is ‘not where she should be’ can get by in retirement | Personal Finance | Finance
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Susan has $30,000 (around £25,000) emergency fund and has an annual salary of $400,000 (around £340,000).
Dave said: “You’ve done a great job! The only danger zone is if some bizarre thing happens and this one company goes broke, you would lose one third of your net worth and that’s scary.
“It’s not the end of the world but I don’t want too much in single stock.”
He gave an example of a woman who had $750,000 (around £638,000) in proctor and gamble stock however when she went to retire, the value if the stock went down to $250,000 around £212,000).
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