Episode 317: How to Tell If a Financial Guru Is Telling You the Truth

This episode is part of David McKnight’s guest interview with Kyle Solon. David talks about the importance of math when it comes to decisions related to using cash value, life insurance, and annuities. A recent Ernst & Young study showed a surprising stat about who had the highest income in retirement and passed the most money on to the next generation. David illustrates the concept of the volatility shield, also known as volatility buffer. The #1 concern of Americans all across the country is running out of money before they run out of life. David shares a key question people should ask themselves when listening to gurus such as Dave Ramsey: “Is there a mathematical justification to what I’m being told?”. David is a strong believer of leaning on the strategies that historically give you a much higher mathematical likelihood of increasing the life expectancy of your money. Dave Ramsey is someone who David really likes for some things, while he isn't a big fan of him for other matters....