re: Did y'all catch Dave Ramsey rip George Kamel apart over withdrawing 4% from retirement?

I mean an 8% withdrawal rate is fine if you can guarantee 12% returns every year without fail.

But all it takes is just one bad year of a 20% drop and you have a huge problem on your hands.

Remember, this guy went bankrupt. He didn't all of a sudden learn some magic financial breakthrough.

Having no consumer debt, especially no credit card debt, is great advice for anyone. He likes to say it's advice his grandma would give... and he is 100% correct.

But Dave has figured out that if you become an "expert" in one area, then people will let you sell other areas to them... and when you sprinkle in some religion... it makes a lot of sense.

He's basically Joel Osteen in corporate form instead of church form.