Do I Have Enough Money to Retire?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 29 October 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Thursday, and this is the Ramsey call of the day.
0:03.7	Part of the Ramsey Network.
0:06.3	Joining me today is Ramsey personality Anthony O'Neill.
0:10.3	Barbara's in Springfield, Missouri.
0:11.8	Hey, Barbara, your question for Anthony O'Neill and me.
0:14.6	Hello, thank you for taking my call.
0:16.7	Sure.
0:17.0	I'm 61 years old, and I'm thinking about retiring, and I'm trying to figure out if I have enough money.
0:24.9	I'm kind of scared.
0:25.7	I told my boss this would be my last year of driving.
0:29.0	So I'm debt-free.
0:32.1	I've been debt-free since probably 2009.
0:35.9	Great.
0:36.4	And I have plenty of money in the bank, but you don't know how long you're going to live.
0:44.3	So my question is, I have an opportunity to buy like five years of employment from where I work now.
0:52.8	I'm a school bus driver.
0:54.1	And that would increase
0:55.6	my monthly benefit from $248 a month to $428 a month, but it'll take 10 years to recover that.
1:08.0	Yeah.
1:08.5	That is not a good rate of return.
1:12.7	And so you're better off to invest the money.
1:15.4	How much money do you have in the bank, you said?
	...

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