Two Social Security Calculators: Both sides of the issue

[indigonation]

Question is, which one do you trust more? :dunce:

From the Left (Save Social Security):
http://democrats.senate.gov/ss/calc.html

From the Right (Piratize Social Security - hey, they forgot to say "PERSONAL ACCOUNTS"):

http://www.daveramsey.com/etc/social_security/index.cfm?FuseAction=dspSocialSecurity&strMode=calculate



(Hint, consider the small red print on the wingnut site - this does not account for the phase-in costs. Plus, this is assuming 10.9% returns under the recommended Common Stock Index - note ten year average gains accruing during the wonderfully prosperous Clinton Years)

[Historic NY]

1. well that sucks...........I get less than half of what the present plan

would give me. Ramseys site computes a benefit of 785 per month heck if I dont collect until 70 the governemt would give my 2553.

Do the math somethings wrong, who is getting rich on this one not me.

[XemaSab]

2. Cha-ching!

Sounds like I'm going to be doing okay in 2043....

under the current plan.

[indigonation]

3. Ramseys site not very convincing when

it says I'll end up with a nest egg of over $100K to pass on to my benificiaries, but my monthly pension over 65 will be less than $700, or $8400 annually. Go figure? Why don't I get to spend the presumed $100K?

Under the current SS plan, I'll be eating a little higher quality dog food at $14K annually, but still an income of 70% more than what I'd get from my "personal piratized account", according to their calculations.

I'm glad that I have REAL money invested in 401K/IRAs so that I can say when and how which greedy investment firm gets to put its dirty hands all over my retirement accounts. That's the American way, making them compete honeestly, not a cesspool of corporate lobbyists who get handed the best portions of the taxpayer payola based on their polictical favors and campaign contributions.