This is the Ramsey Call of the Day, part of the Ramsey Network.

Joe is in Salem, Oregon.

Hi, Joe.

How are you?

I'm good.

Hold on.

Yes, speaker.

I'm 58 years old, and my husband is 68. He's a retired teacher, so we have a

PERS retirement that's generous. And so we have that, we got it for my lifetime because

I'm younger than him. He also took Social Security at age 65 and we let his life

insurance expire. So my concern is that we don't have much in savings. Our only debt is our mortgage,

which is about $144,000. Good Lord.

Yeah, we have an IRA, which is down to, I don't know, 52-ish thousand right now.

And then I started a Roth IRA a couple years ago, and I'm not sure I haven't checked it, but maybe 10 to 15,000.

And my husband feels like because we have the monthly income, unless purrs falls apart,

that we don't need to save anything. And the IRA is for going on vacations or two of our kids got married last summer.

We used it for that, too.

And so it just keeps going down.

And I, myself, I, I make frugality in art form, so it stresses me out to not have something. And he keeps asking me,

why do we need something? What kind of emergency? And I said, I don't know, but I just feel like

if something happened to you, and I'd have to sell the house, I don't necessarily want to.

Funerals, illness, transmissions go out on cars.

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