Dave Ramsey (Radio Host) and Social Security Reform Calculator

Dave Ramsey's Newsletter ^ | 2/14/2005 | Dave Ramsey

[GeorgiaFreeper]

Dave has a calculator on his site (http://www.daveramsey.com/etc/social_security/) that estimates your benefits under President Bush's proposed social security reforms.

[GeorgiaFreeper]

It is eye opening. He is bullish on the proposed reforms. FYI, Dave Ramsey is a radio talkshow host of a show that give financial advice from Christian principles.

[HamiltonJay]

Dave should be required listening for anyone who is about 15-20 years old....

[1LongTimeLurker]

His calculator doesn't account for the $1,000 cap through 2009.

[Jay777]

So we shouldn't listen if we are older than that?

[HamiltonJay]

If you haven't listened to him before.. yes you should... just saying he should be required listening for every person in america BEFORE they get that first real job.... Never too late to start.

[xrp]

C FUND -- Your monthly draw after retirement will be approximately $8,778.30. This draw accounts for an inflation rate of 3%.

F FUND -- Your monthly draw after retirement will be approximately $1,628.41. This draw accounts for an inflation rate of 3%.

G FUND -- # Your monthly draw after retirement will be approximately $1,020.09. This draw accounts for an inflation rate of 3%.

S FUND -- Your monthly draw after retirement will be approximately $5,325.90. This draw accounts for an inflation rate of 3%.

I wonder why none of the MSM ever corners Democrats on numbers like these???

[crv16]

Are his figures adjusted for inflation?

[xrp]

Yes it does, try running your statistics through and you'll see.

[HardStarboard]

>>>Dave should be required listening for anyone who is about 15-20 years old....<<<

Hopefully he is clearer on the air thatn he is in this website.....he is unclear on how much you lose out of your SS "normal payment" in exchange for getting some $89K from the 4% placed in "stock market mode".

Both Bush and Ramsey will need to be a lot clearer than they have been in selling the idea....which am, incidently, highly in favor of!

[marblehead17]

ping

[SoDak]

Dave Ramsey rocks. I'm a nightly (tape delayed) listener. Dave is also a very solid conservative.

[GeorgiaFreeper]

he is unclear on how much you lose out of your SS "normal payment" in exchange for getting some $89K from the 4% placed in "stock market mode"

After you run the calculation for your income and plan selected, the results page has a "Breakdown of the Current Social Security System" and there is a link to see what your retirement benefits would be under the current social security plan.

Click on the link that reads "Check Your Current Social Security Retirement Projection".

[sticker]

just don't do business with dave, 90+ days to get paid

[cassie22]

My local radio station here in the Northeast just started carrying his show on Sunday afternoons. I like his style and his advice is straightforward common sense. I'm going to check out his website.

[GeorgiaFreeper]

just don't do business with dave, 90+ days to get paid

Are you speaking from experience, or was that on his website?

A Net 90 payment policy is a little harsh. I am on a Net 30 payment schedule with my clients and think that sucks...

[sticker]

speaking from experience, took over 90 days and they(ramsey's group) still whined and complained

[j_k_l]

I live in Nashville where Dave Ramsey is located.

His show and teachings have dramatically changed my life for the better. As of this week, my wife and I will be debt free other than our house due to Dave's program.

I could not recommend him more.

Besides the great financial advice, Dave is as genuine a good as they come.

[GeorgiaFreeper]

You should have sent them a copy of Leviticus 19:13

Do not defraud your neighbor or rob him.
Do not hold back the wages of a hired man overnight

(from the NIV Bible translation)

[j_k_l]

I know a ton of people who do and have done business with them and you are the very first I have ever heard complain.