I’m 61 and Have No Money

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Rachel Cruze. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Teresa is in Little Rock, Arkansas.
0:07.4	Hi, Teresa.
0:08.0	How are you?
0:09.2	Just fine.
0:10.2	And you?
0:10.9	Better than I deserve.
0:12.0	What's up?
0:13.5	Well, I am knocking on the door of 61.
0:17.6	I have no retirement money saved up whatsoever.
0:22.0	I've been working the baby steps.
0:23.7	I've got my little $1,000.
0:26.4	And hopefully Social Security will still be there when I retired 67.
0:32.8	My question is, even though I'm in the Baby Step 2, my company matches 4%.
0:42.5	And I'm just wondering if I should go ahead and be putting that 4% into my 401k, even though
0:51.7	I'm still in Baby Step 2.
0:53.8	So you're 61 and have no money?
0:56.7	None.
0:58.0	What do you make?
1:00.4	I bring home roughly $67,000.
1:04.0	What is your debt?
1:06.0	A little over $69,000.
1:08.4	On what?
	...

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