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The Ramsey Show

Lump Sum vs. Dollar Cost Averaging (Hour 3)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 4 January 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Kristina Ellis & George Kamel answer your questions and discuss: Lump Sum vs. Dollar Cost Averaging, How student loans are a lot like gambling debt, "How do I prepare for college as a 15-year-old?" Avoiding a reverse mortgage. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

The End

0:30.0

Live from the headquarters of Ramsay Solutions,

0:32.5

broadcasting from the Paws, Moving, and Storage Studio,

0:35.5

it's the Ramsay Show, where America hangs out

0:38.2

to have a conversation about your life and your money.

0:41.5

I'm Ramsay Personality, Christina Ellis,

0:43.4

joined today by my co-host, George Campbell.

0:46.4

Give us a call at AAA8255225.

0:51.6

We'd love to talk to you.

0:53.0

First up, we have Tanner calling from St. Louis, Missouri.

0:57.3

Hey Tanner, welcome to the show.

0:58.9

Hi, George and Christina, thanks for taking me call.

1:01.8

Hey thanks for calling. What's up?

1:04.0

Hi, I had a quick two-part question.

1:06.5

One question is about how I should start filling up my

1:09.4

Roth IRA for 2023, and the second part is about a future home purchase.

1:13.7

Love it. How old are you?

1:15.4

20 years old.

1:17.3

Amazing. Crushed and already. All right, what's the question?

1:20.4

I was wondering on my Roth IRA, if I should max it out now in January,

1:26.2

or if there's any reason I should spread it out over the course of the year,

1:29.7

given that I have the money now to max it out entirely for the year.

...

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