Basically, fixed income investing is designed to give people a steady stream of income on a regular basis, usually in the form of interest payments from bonds. April 14, 2023. Let’s say instead of taking the $70,000 from their retirement accounts, they take a tax-free loan from their LIRP. Universal Life Insurance Definition. I use the little table to list our next smallest debts, and we fill in the thermometer to visualize how far we have come!As an example, just this week I heard a "debt free scream" call from a couple that had paid off $140,000 in debt over 5 years. He claimed most people with a masters in accountanting make $100,000 to. “Fear is the enemy of hope. Car insurance costs vary a lot depending on a bunch of factors. Of course, we have the dave ramsey life insurance plan. Dave takes your calls and draws on over 30 years of experience as the CEO. LIRP means life insurance retirement plan and is not meant to replace a standard retirement plan, like an IRA or 401 (k). ET. You should pay off all non-mortgage debt before investing for retirement. A governmental 457 is a fantastic employer sponsored plan! In fact it's the best of the three common plans (401k, 403b). 2% on that $95, according to Ramsey. Carrier’s Ability to Maintain Caps and Participation Rates: Pros and Advantages. This approach. Dave Ramsey's net worth has surpassed the $200 million mark. McKnight points out that about 85% of Fortune 500 CEOs use the LIRP as their primary retirement planning tool. Giving of your talents is a great way to make people feel special, and even worthy. According to a Business Insider study published in September, some places — Detroit, Phoenix, Atlanta, Houston — you’d be sitting pretty. LIRP. The mod was also asked if Anthony would continue with his show, “The Table,” and the mod confirmed that Anthony was permitted to continue his work on “The Table. Here are some rules that apply to both types of accounts: In 2023, you can put up to $6,500 in your IRAs ($7,500 if you’re age 50 or older). Discipline is doing it every day. Ramsey's philosophy on mortgages. Investing 15% of this amount would be $10,620 a year, or $885 a month. Dave is now known as America’s trusted voice on money and business. Mortgage Loan Do's and Don'ts. Join Dave Ramsey and his. The EntreLeadership Podcast. Sign your will in front of witnesses and a notary public. Do a deep dive. This baby steps list is a breakdown of each of the steps you’ll follow as you move through the plan: Save $1,000 for a starter emergency fund. Use these free retirement calculators to determine how much to save for retirement. Ramsey is an evangelical Christian whose weekly radio show attracts millions of listeners. “Your cash value build-up for the first three years is $0. Since 1992, Dave has. 4. So, when you’re. The Dave Ramsey Plan and Tips. What are Dave Ramsey’s thoughts on Indexed Universal Life Insurance (IUL)? David debunks the 5 myths presented in Dave Ramsey’s article on why you should run away from IULs. 5225 weekdays from 2–5 p. Usually somewhere between 0. Get a term life policy today: the Dave Ramsey store today for resources to help you tak. Coverage Amount —usually 12 times your annual income. Being prepared when bad things happen minimizes the damage and avoids borrowing. If the average brand-new car depreciates in value by 18% in its first year alone, it clearly. Ramsey argues you should do the following things before starting to invest for retirement: Pay off all of your debt. They implemented a LIRP years ago for retirement. Either way, EveryDollar makes it easy, because tracking is a must. LIRP means life insurance retirement plan and is not meant to replace a standard retirement plan, like an IRA or 401 (k). m. 2. They offer the coverage you need and nothing you don’t. But a nuncupative will is just a last will and testament that’s spoken instead of written down. What Is Dave Ramsey’s Investing Philosophy? A lot of people have questions about when and how to invest their money, and that’s totally okay! Plain and. Ramsey Solutions. Oh, and by the way, if you’re wondering, my friend Dave Ramsey also recommends level premium term life. Keep a long-term perspective and invest consistently. For the Knoxville News Sentinel. IUL is a rip-off that tries to use a slick package to bundle life insurance with a lousy investment product. And at Ramsey, we believe in getting rid of debt for good. Estate planning is just a fancy legal-ish word for what you want to happen to your money and your stuff if you die or become disabled. A top personality in Dave Ramsey's company announced he was leaving for undisclosed “things” going on in his personal life. The LIRP strategy is a permanent life insurance policy that uses the policy’s cash value to provide tax-favorable retirement income. That way, your income will be replaced if something happens to you. Link copied Bookmark. Here, Mr. 825. Cost is another big reason Ramsey believes term life policies are better than whole life ones. Cash value life insurance is a type of life insurance policy that’s in place for your whole life and comes with a sort of savings account built into it. This Ramsey tip can make life a lot easier. More on that specific time frame in a bit. It’s sometimes known as cash value universal life insurance because in addition to the payout, it also has a savings account built into the policy. Direct Financial Coaching. $35. The documents also include depositions of Ramsey and other company leaders, providing insight into the scrutiny that Ramsey’s nearly 1,000 employees are subjected to about their sex lives. We would like to show you a description here but the site won’t allow us. We would like to show you a description here but the site won’t allow us. Dave Ramsey Debt Free Goals Tracker. Many financial counselors like Dave Ramsey will compare. He didn't inherit it from a wealthy ancestor but made a fortune through his books, radio shows, financial seminars, and speaking engagements. 9. Budgeting is how you plan. Dave Ramsey is wrong on LIFE INSURANCE 🎯 Message me "LIFE" to find out more 💯💰 #financialliteracy #financialplanning #taxfree #iul #lirp #daveramsey #daveramseywouldnotapprove #wealthymindset #retirement #personalfinance Prior to seeing his documentary and reading his books, I was of the Dave Ramsey’s approach that all insurance products were bad, but David McKnight has a methodical way of showing that certain products can be used as strategic tools in your retirement toolbox. About the Ramsey Method. Ramsey doesn't endorse MPI or any similar “whole-life” insurance policies. Step 2: Save 15% of your income for retirement. How to Create a Retirement Budget. Invest 15% of your household income into Roth IRAs and pre-tax retirement funds. — The newest edition of The State of Personal Finance by Ramsey Solutions revealed a possible correlation between worry and experience when it comes to money. Learn how to plan for retirement with four simple steps: set your goals, save 15% of your income, invest for the long term, and work with a financial advisor or investment professional. However, this is really not a fair comparison. assistant editor Sophie Downes wrote in announcing the decision. You could save up to 70% when you switch from the leading competitor. Here’s another truth about a permanent life insurance policy. Why should you start by working with a financial advisor? According to Ramsey Solutions, an advisor can help you decide the amount of money you should. Ramsey himself purchased a house for $11,000 many years ago that paid a monthly rent of $1,500. Here are four of the key things Ramsey is wrong about that could lead you astray. That’s $5,300 forward in this journey. 3. Ramsey's advice could help you decide whether to buy or rent. It is worth the work. Some types of permanent life insurance offer a higher potential for gains but include fewer. Source: Dave ramsey recommends buying at least ten to twelve times your annual. Life Insurance Calculator. Tracking is how you keep up with the plan. A life insurance retirement plan (LIRP) is a policy that uses the cash value that accumulates to help fund your retirement. A LIRP is a Life Insurance Retirement Plan, and although this is not for everyone, listen to Troy Sharpe, CFP®, as he explains what a LIRP is and whether or. “Upon learning about the company’s. Because Ramsey has a financial stake in his endorsements, you should always. Ideally, he recommends you save longer so you can buy your home. According to Ramsey, if the lady invests $1000 every month for 15 years, she will have accumulated $500,000, which gives her permission to withdraw 10% of her savings every year for the rest. Using a zero-based budget — one in which every dollar has a job — is the most powerful way to save money fast . Source: Web this certainly affects the life insurance retirement plan pros cons. Money guru Dave Ramsey was floored by the high-earning millennial couple with nearly $1 million in debt. After filling out the online will form, you’ll need to sign and date the printed form in front of witnesses, and they must also be 18 years of age. The second is to fully fund your emergency savings before you try to grow. 825. Baby Step 5: Save for your children’s college fund. In his bestselling book The Power. 1. Take control of your life and money once and for all. There are a couple things you need to know about health insurance if you’re self-employed. Learn to budget, beat debt, save and invest with Ramsey Solutions, founded by Dave Ramsey, bestselling author, radio host and America’s trusted voice on money. A deposition of Dave Ramsey in a case accusing his company of discrimination provides insights into how the personal finance magnate views sex, religion, and workplace culture. Find answers to your financial questions and. He recommends a term life policy worth 10 to 12 times the policyholder's income. The Baby Steps & Financial Order Of Operations: Checklist-Style Financial Planning. Life insurance for children is an insurance policy that pays a payout, usually to the parents, if their child passes away. As far as LIRPs are conc… Whole Life vs. Exaltation of Ramsey allegedly started during on-boarding with group discussions in which employees share so-called “Dave Stories,” anecdotes about deeply personal moments wherein Ramsey. Chapter 5 – The LIRP. 41%), which invests 55% of its. Dave Ramsey is one of the most popular money management experts in the U. You’ll pay an early withdrawal penalty on any of the growth you take out of an IRA before age 59 1/2. "My husband and I have just $12,000 to pay off before we’re debt-free. If something were to happen to you, life insurance is designed to replace you, financially speaking. She recently wrote to tell us about her situation. Mike, 31, from Philiadelphia,. LIRP pros and cons reviewed bitte. Well, that is not how the market works, as there are times when the market goes up. After learning of the lawsuit, Inc. For an example of the cost difference, here are quotes from Forbes Advisor for a 30-year old male to purchase $500,000 in life insurance coverage: Whole life: $360 per month. Save a “fully funded” emergency fund of 3-6 months of expenses. Include a time limit on reaching them. How much life insurance should I have? You should have 10–12 times your income in guaranteed renewable term life insurance. You’ll have access to all federal forms and deductions without any upcharges. Her second book Love Your Life, Not Theirs: 7 Money Habits for Living the Life You. According to Ramsey, the median U. Compare Term Life Insurance Quotes. Dave Ramsey started on only one Nashville station back in 1992 where he shared practical answers for life’s tough money questions. January 11, 2023 00:00 00:00 What are Dave Ramsey’s thoughts on Indexed Universal Life Insurance (IUL)? David debunks the 5 myths presented in Dave Ramsey’s article on. But one flop cost him everything. Insurancequotes2day: A LIRP Is a Life Insurance Retirement Plan ; Insurance and Estate Strategies: LRRP – 11 Life Insurance Retirement Plan Pros and Cons ; Social Security Administration: 2020 Social Security Changes ; Dave Ramsey: Term Life vs. He followed an employee into a private. It all means the same thing: we want you to buy a life insurance policy for. Sep 4, 2023 2:51 PM EDT. At the age of 26, Dave Ramsey was bringing home a quarter of a million dollars a year and had a $4 million real estate portfolio. Diligence is doing it well every day. More Episodes . This should, at least in. Mentioned in this episode: David's books: Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code DavidMcKnight. He has been teaching his brand of financial management for several decades. Conservative Christian views on sexuality and gender inform policies and cultural norms at Dave Ramsey’s company, leading to conflict between company leadership and some employees. "It all really just comes down to this: You still. They can advise you on how to adjust your financial goals and strategies and tackle hard topics—like projected taxes. To make sure your family doesn’t have to worry, you need a policy worth 10–12 times your annual income. In lawsuit, radio host Dave Ramsey’s former employee says he was told to ‘pray away’ covid before being fired By Julian Mark December 16, 2021 at 7:21 a. Given her income and young age I was considering using a VUL as a way to create some tax-free assets for her in retirement. The Baby Steps are as follows: Save $1,000 for a starter emergency fund. The deposition, performed in November of 2021 and recently made available to the public, pertains to the termination of Caitlin O’Connor, who had been. Myth: Cash value life insurance, like whole life, will help me retire wealthy. High yield $25,000 MMA. Dave Ramsey is a longtime proponent of debt-free living whose claims to fame are his 7 Baby Steps and Financial Peace University. . So like I mentioned, the main takeaway is that you need coverage that’s equal to 10–12 times your annual income. Saving: 15%. A woman with 3 degrees who owes $250,000 in student loans at age 59 asked Dave Ramsey for help and was told her situation is 'disturbing'. , loses value). Watch full episodes of The Ramsey Show right here! You’ll learn how to handle money, career advice, navigating relationships, plus tons of other life-changing content. . Dave Ramsey (2011). 5–1. Self-Guided Personal Finance. Whereas market fluctuations may keep you up at night when thinking about your 401 (k) or investment portfolio, you might even start to welcome stock market volatility once you allocate funds to an IUL policy. ”. 5. Check in throughout the month. These steps are where your money invested over time (and continued hard work) will pay off down the road. Ten percent CAGR for the S&P 500 is. And make it a level term life policy that lasts for 15–20 years. But you’re still paying off your mortgage while working toward your retirement. Listen now or ask your question live by calling 888. Dave Ramsey has repeatedly insisted that you can expect to make a 12% return on your. "Dear Dave," the woman said, identifying herself as Debbie. First you have to follow "Baby Step 1" and save that $1,000. He advises that you place this emergency money in a separate account until you reach at least $1,000. This can help ensure quotes are accurate and the right coverage is obtained. If you’re not familiar with zero-based budgeting, it’s where your income minus expenses equals zero. Baby Steps 4–7 focus on investing, building wealth, and giving generously. Chris Hogan announced in a YouTube video on March 10, 2021, that he is no longer part of Ramsey Solutions. ©Dave Ramsey Like all financial decisions, retirement planning should be unique to your preferences, resources and needs . Learn when debt can make sense. Here are Ramsey’s ideal percentages across his 12 budget categories, using the example of a family of four with take-home pay of $6,000 per month who needs part-time childcare, has employer-paid. Listen now or ask your question live by calling 888. Ramsey's a bit conservative. Dave Ramsey is a trusted authority when it comes to personal finance. While there are all kinds of life insurance policies—everything from variable life, to family life, to indexed universal life and even final expense insurance —they all fall into two main buckets: whole life (pretty much the worst option) and term life (which we always recommend). Watch debt-free screams, Dave Rants, guest interviews, and more! Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want to watch FULL episodes of The Ramsey Show?Dave Ramsey is a personal finance guru and media personality. The service. Money guru Dave Ramsey’s personal financial literacy textbook has been approved for use in Florida by state education officials, despite concerns from residents who say it includes Bible references, and lacks academic rigor. You should have 10–12 times your income in guaranteed renewable term life insurance. 45 on his. It can include: Coverage you purchase in addition to your basic. " One of the main reasons people struggle with money is because necessary emergency expenses (like medical bills, car bills, or home repairs) come out of nowhere and drag you deeper and deeper into debt. IUL is a rip-off that tries to use a slick package to bundle life insurance with a lousy investment product. "Dear Dave," wrote a person calling himself Zack, according to KTAR News in Phoenix. Garrett Gunderson. com KEY POINTS. Check in throughout the month. A bad mortgage could wreck your finances! Ramsey Solutions. Invest 15% of your household income for. The $76,900 settlement between Ramsey. The top end of Ramsey’s monthly housing allowance (35%) comes in at $1,342, the bottom (25%) at $959. The lawsuit claims owner Dave. The New York Stock Exchange is seen in New York on Wednesday, May 3, 2023. It's the exact same thing as a 401k, but with better laws - no early withdrawal penalty. Who SmartVestor Pros Are SmartVestor Pros have at least two years of full-time experience as registered investing professionals and work for investment advisor or broker-dealer firms. com, is that you may not be ready to invest yet. According to the lawsuit, on March 15, 2020, Dave Ramsey emailed all employees informing them that there had been a confirmed case of Covid-19 in the department where Amos worked. Like a traditional 401 (k), the Roth 401 (k) is a type of retirement savings plan employers offer their employees—with one big difference. S. No matter how busy your schedule, though, there’s no excuse for leaving your family unprotected. Today’s episode revolves around whether Dave Ramsey is right – or wrong – in saying that people can take an 8% withdrawal rate in retirement. Ramsey has some great advice about life insurance coverage. SHARE Dear Dave Ramsey: My retirement savings are eroding away. Set goals that are measurable. Below are the five points Dave made in his video and my thoughts on the advice being offered. 3. If you put 20% down ($40,000) and finance the rest with a 30-year fixed-rate conventional mortgage at 3. Amy Fritz, a Christian writer from Spring Hill, Tennessee, whose husband, Nathan, worked for Ramsey from 2012 to 2019, said that long-term staffers learn to dismiss his rants as just Dave being Dave. So, you’re paying for two things here—the life insurance part. That means if you make $80,000 a year, you should have a policy worth anywhere from $800,000 to $960,000. Dave. That term might be 10 years, 20 years, 30 years, or a different number of years. He explains. Where a Roth IRA can fall short, the LIRP is the best alternative. lirp? I have a client who is 28, earns north of 300k and maxes all her qualified options out already. Let's say someone has $50,000 built up in their policy, and their. As I mentioned above, he wants to encourage everyone to have financial freedom. . Few people graduate from the basic financial understanding and that is why Dave Ramsey is great. In this week's article from Dave Ramsey, he explains how to get started on saving for retirement and what the best options are. Invest in good growth stock mutual funds. ) But remember, that’s the average. A lot has changed through the years, but Dave and his team's practical advice on life and money has remained the same—and has helped. Read more. 10 Dave Ramsey Money Tips Worth Knowing. 1. So like I mentioned, the main takeaway is that you need coverage that’s equal to 10–12 times your annual income. Dave Ramsey Rachel Cruze Ken Coleman Dr. He got his start working under Dave Ramsey and uses the same seven-step system to financial freedom that Ramsey does. Plug in your info to get an idea of how much you’ll need to budget for your life insurance premium. Dave will always tell you to get term life insurance over everything else out. “EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches”, p. . As it turns out, there's lots you can learn from teachers. Online installment plans can be expensive over the long-term. However, there. When it comes to playing the lottery, that is no exception, he says. 1 / 23. Save 15% for retirement. 1. When it comes to wills, there’s no need to pay huge attorney fees. What Is An Annuity And How Does It Work?Get a FREE trial of our life-changing Financial Peace University today: Visit the Dave Ramsey. By Ramsey Solutions. He’s also the author of seven bestselling books and has reached over 1 million people through Ramsey Solutions live events. Ramsey agrees that for the traditional IRA to work out over the Roth, you have to be in a dramatically lower tax bracket at retirement. Term life insurance doesn’t have a cash value and cannot be used for an LIRP. Unlocking Tax Benefits: Your Path to Tax-Free Income. According to Fidelity, a couple retiring today will need about $300,000 to cover their health care expenses during retirement. The Dave Ramsey section says $1000 emergency fund and 3-6 months of expenses saved. Plaintiffs allege they relied on Ramsey’s enthusiastic support for Timeshare Exit Team. 5%. Life insurance for children is an insurance policy that pays a payout, usually to the parents, if their child passes away. Dream, Clothes, Goal. It’s sometimes known as cash value universal life insurance because in addition to the payout, it also has a savings account built into the policy. Melissa apparently protested the plan and was eventually barred from her husband's book tour as a result. Have you logged into your TSP account la. 5 min read. 1. Ten percent CAGR for the S&P 500 is more mathematically valid than 12 percent. The 12 percent Dave uses is an average rate, not a CAGR (see Stoffel vs Ramsey). He suggests using a workplace 401 (k). That’s why we generously share our knowledge every week on the show — and beyond! This is where the magic happens. Just like all other financial instruments, expenses are part of a LIRP. Save for emergencies. Life. . It’s easy to find rumors online, but outside of audio from Dave Ramsey confirming accusations had been. 5% commission rate, compared to the typical 5-6%. It makes sense that people don’t like him when he brings conviction and tells them to act in a way contrary to their natural tendencies. Choose the right insurance plans. When it comes to wills, there’s no need to pay huge attorney fees. A financial advisor—think wealth managers and financial coaches —can help keep that blessing from becoming a burden . 3. After that, the full retirement age increases little by little for folks born from 1955 to 1960 until it reaches age 67. "Think of your IRA as a sweater that protects your. He also advises saving in an individual retirement account. "The other Dave Ramsey hosts "The Dave Ramsey Show," a radio program with 14 million weekly listeners. You may not need 30 years of term life coverage, even though many insurers will sell you a. Dear Dave, The other day, my wife and I discovered. Planning DVD by Dave Ramsey (2009) Paperback. And make it a level term life policy that lasts for 15–20 years. Baby Step 1: Save $1,000 in an Emergency Fund. Term life policies are far less expensive than whole life policies. Most people won’t change until the pain exceeds the pain of change. These benefits are primarily rooted in three key tax codes: Tax-Deferred Growth (Internal Revenue Code Section 7702): LIRPs operate under Internal Revenue Code Section 7702, which allows the cash value within. Contact the 24/7 Wall St. You’re totally debt-free; You have a full emergency fund2. This means life insurance isn't meant to be an investment or to make loved ones rich. “Let’s be generous and say it’s double that,” he said. Average financial planner hourly fee ranges from $120-300 per hour. Here are some of Dave Ramsey’s most popular books over his career as a writer. Thankfully, we have two RamseyTrusted partners who we highly recommend to cover both needs. Hogan simply expands on how to do that in his first book. The best policies for a LIRP will depend on your circumstances, goals, timeline and provider. Ramsey's two rules for repaying credit card debt with savings. In response, the company's leaders created a "restoration plan" designed to save the marriage. I Don’t Want My Kids to Die BROKE! Watch Now. Dave Ramsey says: Opt for the long-term plan, not the short-term fix. It’s also called a President Secret Account or the 770 Account. Truth: Cash value life insurance is one of the worst financial products available. Save 3 to 6 months of expenses in your emergency fund. Dave Ramsey recommends buying at least ten to twelve times your annual income amount in life insurance coverage to ensure that your family’s needs would be taken care of, should you die. The fact that many insurance agents can still talk their customers into buying whole life makes. NASHVILLE, Tenn. magazine. Those who successfully follow. In fact, he recommends that people buy sufficient coverage to equal 10 to 12 times their annual income. His website outlines a five-point plan for crafting the kind of goals that can change your life — or at least your 2023: Be specific in what you intend to achieve. In response, financial expert Dave Ramsey and his team launched the SmartVestor program more than 20 years ago to match people with pros. 5. According to the lawsuit, on March 15, 2020, Dave Ramsey emailed all employees informing them that there had been a confirmed case of Covid-19 in the department where Amos worked. He built rental real-estate portfolios worth millions. Make sure your house payment isn’t more than 25% of your monthly take-home pay. "I'm hearing more and more about 'de-dollarization' and how several countries are moving away from the U. Best LIRP Insurance Companies of 2023. A. In Ramsey’s system, saving for retirement is the fourth thing you should focus on. Back in July, I made a video titled “ 5 Simple Steps to Financial Freedom. It’s one of the best retirement plans available!" This type of plan does not accept contributions with pre-tax. Work With a Financial Advisor. “I’m sorry for the harm that. Being completely debt-free and equipped with plenty of money in savings is a major accomplishment. Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life. Dave Ramsey Recommends Buying 10-12x Your Annual Income, in Life Insurance Coverage. Dave Ramsey is a high school course. Ramsey SmartTax is easy to use, always up-to-date and has built-in support. Check out our picks for best. Step 7: Build Wealth and Give. Baby Step 4: Invest 15% of your household income in retirement. Term 80 (Annual Renewable) I don’t know about you, but I just think term 80 sounds cooler. The only place I. 2. m. But there are a lot of different types of protection in the auto insurance world, and you need to know which ones to include in your policy. David McKnight is the author of four #1 Amazon bestselling books, The Power of Zero, Look Before You LIRP, The Volatility Shield, Tax-Free Income for Life and The Infinity Code. KEY POINTS. For the most part, financial guru Dave Ramsey thinks not. If you’re a stay-at-home parent, you need a policy worth $250,000–$400,000. . Experience one of the most popular talk. 2. Using industry numbers from A. Learn more at. Whether you’ve followed Dave Ramsey for a day or a decade, you know he hates cash value life insurance and never recommends it. 8%. He has a small retirement fund; I have none,” she said. Roth IRAs don’t have age restrictions. A whole life policy with a “tax-free” internal rate of return of 5% is better. The first half of Ramsey’s top investing rule is to get out of debt. The foundation of Dave Ramsey’s financial plan centers around seven baby steps. How much life insurance should I have? 4 months ago Updated. Knoxville, TN ». Give your talent. Once these baby steps are complete, Ramsey says. He suggests avoiding cards entirely, which you shouldn't do because you'll lose the chance to earn. Some types of permanent life insurance offer a higher potential for gains but include fewer. 06:01, Sun, Feb 20, 2022. In this longer video, the host explained just how humbling the following years are going to be for. Save three to six months of expenses in an emergency fund. Experience real-life, real-time business and leadership coaching from Dave Ramsey, a successful CEO, popular radio personality, bestselling author, and now the host of The EntreLeadership Podcast. If you were born in 1960 or later, you become eligible for full Social Security retirement benefits once you. Chris Hogan’s focus is financial independence. 08 EST.