The episode is sponsored by Smart Vester.

You're listening to Ramsey Everyday Millionaires, where we talk investing, retirement, building

wealth, and outrageous generosity.

All right, today's question comes from Jesse in the Baby Steps Millionaire Group.

He says, I'm 61 years old.

I'm hoping to retire soon, but watching my retirement savings go down day after day.

The only part not going down is $180,000 sitting in the bank earning almost zero interest,

but not completely eroding away with the stock market.

What should I do?

Who?

I like this question.

For many reasons, number one, Jesse, you're forgetting that the money that's just sitting

in the bank, you know, it's not earning interest like it would in the stock market, but

there is a little thing called inflation.

And that is affecting your savings that's just sitting there.

So I'm just putting that out there.

But let's talk about this retirement savings, because you're telling me that it's, quote,

completely eroding away.

And that's just not true.

That's just not true.

The stock market is down, but it's not completely eroding away, and it will come back up.

We know that.

...