Dave Ramsey Eviscerates Co-Host George Kamel for Preaching the 4% Rule

Dave Ramsey cracks down on his co-host George Kamel for having promoted sustainable distribution rates in retirement. On his own show he discussed the FIRE movement. Who's right?

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[darnellcapriccioso]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[Beatricegove]

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point. It's tricky during election years.

[chiaweinam]

you should never scold your staff in front of others, let alone the public.

[lukegetz]

Leaping to such anger like that without checking the context, public humiliation, continued beratement. What a nightmare.

[rachelgee]

Wasn't george talking about retiring early at 30? Thats a whole different situation than 65.

[kevinstevenson]

I love Rachel. She is the only one who stands up to him. Everyone knows 12 percent return every year is ridiculous!!!!

[utek]

George's advice was for a fire person trying to retire at 30. The humble brag caller failed to mention that detail.

[CC-kebn]

I feel bad for George. Kudos to Rachel for pushing back a little.

[JGComments]

If my boss basically called me a moron, basement dwelling know nothing nerd, and I was a millionaire like George, I’d QUIT.

[barbsinclair]

It's like Dave flew off the handle before he fully realized what they were talking about, the FIRE movement and withdrawal rates will typically need to be much more conservative.

[springhillfitness]

Imagine if you withdraw 8% annually and retire at the start of a "lost decade" (zero returns over 10 years). You'll be completely screwed.

[arcane]

When it comes to Math, I trust George more than I trust Dave. Also, George understands the current market better than Dave does.

[lostboi]

You can tell she's holding back. What a bad look for him.

[ginaem]

I grew up in poverty, I saw my mother being a struggling senior citizen barely getting by, having to live in subsidized housing and qualifying for food stamps. I’ve saved like mad, will have a pension in addition to my assets. I’m doing 2-3% and will let my accounts grow. I need that sense of security. My sons may be left a huge pile of money but so be it.

[OB]

Dave never accounts for market declines, which GREATLY affects the timing and the withdrawal %.

[Gman]

George should quit like Alexander O’Neal. As a manager it’s common rule to never throw your team under the bus. Wow unbelievable.

[patriciaperreira]

I think Dave is way out of line. He should apologize to George. George's math makes more sense and is reasonable. Sorry Dave. I would fire Dave, not George.

[ocaminhodoingles]

In Dave's math, you don't pay taxes, that's a good world to live in

[FullersCorner]

Imagine what he does when the cameras are off🤷🏾

[Goldman_Bernstein]

Dave's daughter was trying to correct him, but his pride refuses to hear anything other than what's in his head.