This episode is brought to you by SmartVester.

Connect with an investing pro near you at ramsysolutions.com slash smartvester.

All right, Daniel's in Kentucky.

Hi, Daniel.

How are you?

Good.

How you doing, sir?

Better than I deserve.

What's up?

Hey, I'm 56-year-old. My wife is 55. We have a son that's 16, and my wife's been retarded

about two years. I retired about two months ago. And we bring in enough for all our expenses

on a pension. You know, our pension does that. And I've got $30,000 in a 401k at my company previously, and $70,000 in an emergency fund.

And about $400,000 just sitting in the bank.

Like a dummy, I just didn't invest anything.

Everything knows well we're fine right now, but inflation and any kind of buying a

vehicle, we're going to have to go into that nest egg.

Let me start.

You're 56.

You're probably going to live the 96.

You plan on sitting on your butt for 40 years?

Well, no.

I'm going to do, I wanted to do something I wanted to do because I'm away from home about two weeks, two days a week with the job I had. Yeah, okay, so what are you going to do? I don't know yet. Okay. That'd be a good thing to figure out yesterday. Yeah. Yeah, let's get with it. I'm 65. I can't believe you're sitting on your butt at 56. Yeah, you need to go do something, man. Make some money. And that solves a lot of these problems. The second thing solves a lot of these problems is investing the 400K. Please. Okay. So in, in 2023, if you had it in an index mutual fund called an S&P that reflected exactly what the stock market did, and 2024, you would have made 23% and 26% those two years.

...