I Make Too Much To Invest In A Roth Account

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 16 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

💵 Sign up for EveryDollar today - Create a free Budget! Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: (SmartVestor Investing Professionals ) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (Ramsey's Complete Guide to Investing) 🏦Take a retirement assessment to find out how much you’ll need to retire: (Retire Inspired with the R:IQ Retirement Assessment) 📈See how much your investments could be worth over time with this handy calculator: (Investment Calculator) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (Ramsey Investing Tools and Resources) Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership 💸 The Ramsey Show Highlights Learn more about your ad choices. Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.9	All right, let's go to the phones and go to Catherine in Bellevue, Washington.
0:19.3	Hey, Catherine, welcome to the show.
0:21.5	Hi, thank you for taking my call.
0:23.5	Yes, absolutely.
0:24.3	How can we help?
0:25.6	I am looking for a little advice on building my retirement starting at 42 years old.
0:32.9	All right.
0:33.9	So great.
0:35.7	Okay, what are your questions around it?
0:43.8	Basically, I just don't really know where to begin. There's so much information out there and where to get started. And I don't have any support at work as far as 401Ks or Roth IRAs or anything like that.
0:56.1	Okay, so your company does not offer a 401K?
0:59.1	Correct.
0:59.7	Correct.
1:00.1	Okay.
1:00.8	So really, yeah, the two best streams, do you own the business or you're an employee?
1:06.5	I'm an employee.
1:07.7	I'm a nanny and a house manager for a celebrity up here.
1:11.7	Oh, okay. That's great.
1:13.7	Yeah.
1:14.4	Okay. And how much are you making a year?
	...

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