Ep 51 - Dave Ramsey did wrong, How Ash would consult him professionally

In this episode we unpack the recent episode Dave Ramsey had on his radio show where he claimed that you can safely draw 8% of your retirement portfolio annually (I would argue this is way too aggressive). But if you can momentarily set aside the factual error with extremely consequential repercussions on people’s retirement outlook, we take time to address the way in which he corrected an employee that had a blog post claiming a more conservative 3-4% annual withdrawal rate. I also quiz Ash on how she would coach Dave Ramsey, if she was coaching him.

Here’s the clip of Dave Ramsey correcting his employee about the withdrawal rate (the 8% segment is at 1:13:47): https://www.youtube.com/live/Xg4Z8EQY3Ao?si=l3OPTpA61N634nem

If you’re interested, here’s a link from Ben Felix, a Canadian portfolio manager that provides a quick explainer video reacting to Dave’s claim on  the 8% withdrawal rate: https://youtu.be/Hhg6dB2UcAs?si=ezhUFVQ1GDECNKtk

 

Thanks for listening! If you have any questions or comments, please email us at ashley@honestunderscore.com.