Is Dave Ramsey STILL Wrong on Roth Conversions?
About this episode
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
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
Get every episode summarized
Each time The Power Of Zero Show publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Power Of Zero Show
Why Not Put Your Entire Retirement into 5.25% Treasuries? (Have You Won the Game...
The Power Of Zero Show
Dave Ramsey's 8% Retirement Rule: What Could Possibly Go Wrong?
The Power Of Zero Show
The Three Biggest Reasons Americans Hate Annuities
The Power Of Zero Show
Should High Earners Contribute to a Roth 401k?
The Power Of Zero Show