Dave Ramsey Is Not A Moron

Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. He is the co-author of "The Financial Wisdom of Ebenezer Scrooge". Learn more at http://www.kahlerfinancial.com

Category:

People & Blogs

Tags:

• Financial Advice
• Money Management
• Investing
• Money Relationship

[rapidcity55]

I like them all for kids, but the 529 plan allows for more flexibility than the IRAs. You can retain ownership and the proceeds come out tax free.

[Grace88Anderson]

While I love dave, I see what your saying and I wish he would address this as a illegitimate point on his show instead of shooting it down as a personal attack because it makes him seem less credible to people who really should be heading his advice on other topics

[rapidcity55]

@Grace88Anderson You are certainly a voice of reason. I find most Dave Ramsey followers are terribly threatened to consider that DAve may not be right on everything he says. I agree with you he is hurting his credibility by putting his ego ahead of protecting his followers from erroneous data. I find a lot of his followers have the same attitude that Dave exhibits, namely, "If you criticize Dave, you are the problem!" Sad.

[SlimQuest]

Hi Rick, I love your channel..... do you like a Kids Roth IRA or a 529 plan for college savings? Which is better and why??? Thank you SlimQuest

[franklinscity]

I personally think the world of Dave Ramsey but from the start never much bought into his claim of 12% annual return in the stock market. Perhaps Dave got a 12% return during the boons of the 80s and 90s, and that has colored his thinking. It shows that you can't uncritically accept financial advice from anyone