Is There Any Hope For My 71 Year-Old Mom With No Retirement?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 28 March 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 💵 Start your free budget today. Download the EveryDollar app! 🏘️ Free Tools & Resources to Reach Your Home Goals - https://ter.li/pauy7c 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 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 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

Click on a timestamp to play from that location

0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	So I'm wanting to know how I can help my 71 year old mother who has no retirement.
0:13.0	She has a home and she's considering selling the home in order to be able to make it about 50 more years but she's kind of in a rock
0:23.9	and a hard place and I didn't know if there's a way she can invest a little or find a way to
0:30.7	maybe get a little extra money so she has no money. None at all.
0:38.8	And what's the house worth?
0:43.2	It's probably about 175,000.
0:51.5	But then she has to decide whether to rent or to go purchase another smaller home.
0:53.0	Where does she live?
0:57.2	She's in Evansville.
0:58.4	And so... Evansville, Kentucky?
1:00.0	Indiana.
1:00.8	Indiana.
1:01.1	I'm sorry, Evansville, Indiana, and the border of Kentucky.
1:03.3	Yeah, okay.
1:04.0	Yeah, yeah.
1:05.2	All right.
1:06.1	Good news is it's not very expensive live there.
1:08.1	You're calling me from Newark or from Indianapolis and that's a little more.
1:14.0	She has no income at all. She has Social Security.
1:18.1	Well, she has Social Security, but she's afraid to get a job because then she'll lose
1:22.5	her insurance, her Medicare. What is her Social security? What's her income?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.