Can We Cut Back Retirement Saving to Enjoy Life More?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 18 February 2026

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester. Connect with an investing pro near you at Ramsey Solutions.com
0:11.1	slash SmartVester. Daryl is in Orlando. Hi, Daryl. How are you? Hi, Dave. Hey, Ken. How are you guys?
0:18.7	Great, man. What's up? I just got a question for you.
0:23.8	Luckily, it's kind of a good question, but really, I want y'all's opinion on this.
0:29.0	I'll throw out the question, and then we'll fill in the details after for you to formulate your thoughts.
0:35.5	So the question is, my wife and I are both recently 61, so she's retired.
0:42.5	I've got nine more years.
0:44.4	So what I'm thinking, what we're considering, would it be reasonable for us to cut back
0:49.2	on my 401K contributions to free up some fun money for us.
0:56.6	How much are you putting into your 401k?
0:59.1	Percentage-wise.
1:01.2	Percentage-wise, 16%, which right now is about 30, $33,000.
1:07.0	It's the max plus the catch-up.
1:09.6	So you make 200 a year?
1:12.9	About 220, yep.
1:14.2	And so 34 from 200 is 167, 166, and you can't have any fun on 166?
1:22.5	Oh, no, we're having fun now, but we're thinking we could have maybe a little more fun, do a little more giving,
1:28.2	that kind of thing.
1:29.9	Okay.
1:31.8	We're empty nesters.
1:37.7	Why do I have a feeling I'm going to hear a ridiculously large number in this 401k right now?
1:41.2	I wouldn't call it ridiculously large.
	...

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