Ready, Set, Retire!

In this episode, hosts Steve digs deep into the recent controversial advice from financial guru Dave Ramsey. Ramsey suggests retirees remain 100% invested in stocks throughout their lifetime and withdraw 8% of their portfolio annually without concerns. Renowned financial author David McKnight joins the discussion, exposing the flaws in Ramsey's approach. The hosts emphasize the unrealistic annual market return assumption of nearly 12%, highlighting the potential dangers of relying on such optimistic figures. The volatility of the market and the order of returns during retirement are crucial factors that could impact the longevity of retirement assets. Steve passionately criticizes Ramsey's advice, labeling it as "insanity" and expressing concern about its potential impact on unsuspecting retirees. Steve stresses the importance of a well-thought-out retirement income plan, debunking the idea of a one-size-fits-all approach. Tune in to understand the potential pitfalls of Ramsey's recommendation and why a more