I'm 56, Living Week-To-Week (How Can I Retire?)

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 20 May 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Xander shops all the top term insurance companies to save you money get started at
0:07.6	zander.com I've really started to notice how close retirement is I'm basically 56 in a
0:16.3	couple of days and I only have $27,000 in my 401k currently. And I am just nervous and wondering, you know,
0:31.3	if you've had experience with callers who've been in this position and if they, if you
0:36.8	followed up with them in 15 years they're living
0:41.5	comfortably that would be a that would be a good reality show we should we should we should do that
0:47.4	going forward um okay so beth what um from a financial perspective how are you financially do you have debt do you still have a mortgage kind of how are you financially?
0:54.7	Do you have debt?
0:55.3	Do you still have a mortgage?
0:56.4	Kind of where are you at?
0:57.8	That's right.
0:58.4	Okay.
0:58.6	I am on step two.
1:02.1	The only debt I have is my mortgage.
1:05.2	It's 155K, house values about 250, 270K.
1:11.1	Okay.
1:11.6	And I have a roof loan 15K debt that I really stupidly signed up for a 20-year loan.
1:23.5	I just, I just wasn't, I don't know.
1:27.0	You weren't thinking, yeah, totally.
1:28.7	Three years ago.
1:30.0	Sure, sure.
1:31.3	And I've run some calculators and I can save about $15,000 in interest if I attack it going forward.
	...

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