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I'm 64 years old and I've been working for 46 years and I have a little different alignment on retirement than my wife does.

And I have a lot more debt than I should have for somebody that's made the kind of money I have.

And I am trying to figure out how to pay down over $230,000 in debt and within the next year

and possibly get retired by 65.

Okay.

Where are you going to get $230,000?

Well, my income is I make $100,000 around $60,000 a year, but the problem is my wife's income is around $30,000 a year, and we have 20,000 plus in credit card debt and $12,000 on a car.

My mortgage is $118,000. I have a second mortgage at $36,000. And I've been paying down the credit cards, but every time I turn around and look, it's higher than it was six months ago.

How'd that happen?

Well, not enough boundaries, not enough conversation.

I'm trying to get myself.

Have you guys got money saved? Do you have a nest egg?

I have a 401k with about $310,000.

I have an IRA that's between my Roth and my traditional IRA, it's 425,000.

The Roth portion of that's only about 55,000.

Yeah.

So you're not going to retire with $230,000 paid off in one year.

You don't have the money.

How much money do you have to make where budgeting is just optional?

If you chose C, watch this.

She makes about $170.

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