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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Kim is with us. Kim is in Chicago.

Hey Kim, how are you?

Hi you guys doing well, thank you for taking my call.

Sure. What's up?

Well, my husband and I, thankfully, thanks to you guys, paid $180,000 in debt earlier this year.

So we're super excited. Wow. Wow. Wow. Wow. Yeah. Yeah. So it was 110 student loans and 70 K in

car loans. Man you knocked it. Way to go k, k, k, kiddo. I bet you feel like free. Thank you. Yes, yes.

Thank you guys. I mean we follow the baby steps. We got really intentional and had three babies along the way but we did it.

Very good. Good for you.

So how can we help today?

Well now I'm in baby steps four five and six I have a mortgage of three 90

And I'm saving for kids college and also our retirement. So I'm doing 15% on my 401k and my question is my

husband's a police officer and he is on a he's going to receive a pension which is 75% of his income at retirement and he does

not have a 401k there. So I'm trying to figure out how do I fund his 15% for retirement.

Okay. It's our 15%. So we add up our total household income and we need to get 15% in retirement somewhere.

So we do not have a 401k at his place to work with, we have one at your place to work with, and

you have two Roth IRAs you could do as well. So another 6,000 each there.

And so if you maxed out your 401k and you maxed out two 12,000 worth of two Roth IRAs would that equal

15% of your household income? Well my household is 210. Okay so you need about 30,000 bucks going in. You're going to get close.

You're not quite going to be there. But you're probably just going to max your 401k and max two roths.

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