Dave Ramsey warned investors on Sunday that that choice between a traditional IRA and a Roth IRA can shape retirement outcomes. He said the tax impact matters. He said to a 51‑year‑old mother in Arkansas, who has no savings, that she can still retire a millionaire if she follows his steps. He pushed debt elimination, strict budgeting and regular investing.
Ramsey also clashed with Vanguard over how to treat 401(k) and IRA balances. He sticks to his own plan rather than Vanguard’s advice.