What’s the Deal With Pensions?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 20 July 2022

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:12.3	All right, Melissa's with us in Mesa, Arizona.
0:16.3	Hi, Melissa.
0:17.3	How are you?
0:18.3	Dave, I'm better than I deserve.
0:19.3	How are you?
0:20.3	Just the same.
0:21.3	What's up?
0:22.3	All right.
0:23.3	So I'm on baby step 3B, but my question is about baby steps 4.
0:26.1	I'm a part of Arizona's retirement pension, which is a required 12%.
0:31.8	And so I've already been contributing anyway through my baby steps 1, 2, and 3.
0:36.1	You had two.
0:37.1	But what I'm wondering is if I should start my baby step 4 by investing the difference
0:41.2	in the market right now because it's down and how much should I be doing to get to my
0:45.7	15%.
0:46.7	Okay.
0:47.7	Well, here, you know, you have to do the 12% as you said.
0:53.0	It's mandatory.
0:54.0	It's not an option.
0:55.0	So we recommend, as you know, in baby step 4, putting 15% of your income.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.