I'm 53 Years-old and Have Nothing Saved For Retirement

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 838 Ratings

🗓️ 16 October 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Zander shops all the top-term insurance companies to save you money.
0:06.8	Get started at zander.com.
0:08.7	My wife and I are really concerned really right now about our future retirement.
0:12.6	So just a little background.
0:14.5	We don't have anything saved.
0:16.1	Don't have three or six months expenses.
0:19.1	Just started doing the Ramsey steps on the day to step two.
0:23.3	So we're talking about selling our home to get the equity out of it to basically just
0:29.2	pay everything off and just kind of start fresh and be able to put some money back and then
0:34.9	start, you know, investing 15%, like the Randolph step says.
0:38.2	But I'm not sure if that's the right answer to do that or not.
0:43.1	The other option is, you know, I keep working like a madman like I've been doing,
0:48.3	keep the house, but we have a pool, and I don't know if that should be like included,
0:53.6	like with the mortgage payment,
0:55.5	even though they're separate or that's considered consumer debt with our car note.
1:00.0	How big is the pool loan?
1:02.7	The pool loan is $73,000.
1:04.8	And what's your household income?
1:08.1	About $8,200 or month after taxes.
1:11.9	Okay, what about before?
1:12.8	Just give me the gross household income.
1:14.5	About 128.
	...

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