• Is Dave Ramsey STILL Wrong on Roth Conversions?

  • Oct 23 2024
  • Length: 11 mins
  • Podcast

Is Dave Ramsey STILL Wrong on Roth Conversions?

  • Summary

  • In the past, David McKnight has been critical of gurus like Dave Ramsey. However, this episode looks at a video in which Ramsey seems to have slightly changed his views.

    Ramsey emphasizes that one key benefit of a Roth IRA is the potential to drastically reduce or even eliminate Required Minimum Distributions (RMDs).

    David explains that the decision to pursue a Roth conversion typically depends on whether you expect your future tax rate to be higher than it is today.

    David discusses a missed opportunity in Ramsey's advice to a caller, highlighting a critical point Ramsey seems to have overlooked.

    While David acknowledges a solid point made by Ramsey, he also identifies what he describes as "a huge blind spot in Ramsey’s worldview."

    David highlights a "right move" by Ramsey – whether it’s a deliberate policy shift or Ramsey unintentionally cornering himself remains to be seen…

    David praises Ramsey’s advocacy for Roth accounts, a sentiment he wholeheartedly agrees with.

    Mentioned in this episode:

    David’s upcoming book: The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track

    David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code

    DavidMcKnight.com

    DavidMcKnightBooks.com

    PowerOfZero.com (free 3-part video series)

    @mcknightandco on Twitter

    @davidcmcknight on Instagram

    David McKnight on YouTube

    Get David's Tax-free Tool Kit at taxfreetoolkit.com

    Dave Ramsey

    David M. Walker

    Ed Slott

    Tom Hegna

    Dr. Laurence Kotlikoff

    Brian Bolan

    Wade Pfau

    Show more Show less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Is Dave Ramsey STILL Wrong on Roth Conversions?

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.