you're listening to Ramsey every day millionaires where we talk retirement building wealth and outrageous generosity.

All right so first up here on the phones we got Sheila and Pensacola welcome to the show.

Hi.

Hello how can we help?

I am calling because I inherited our our a account from my husband's past from COVID.

And I'm sorry last year.

And it is driving me nuts watching this account just go down.

I am not a gambler and I need to know where can I put this money to where it won't be losing and I won't be.

I will have to pay him a pound he's a tax or anything just put it somewhere safe with a city be good.

She that how how old are you.

I am 55 55 okay.

That's young 55 years young Sheila come on.

So Sheila I got I want to I don't feel like I know I know some days I don't feel as young as I am but you know it is what it is.

Hey here's what I want you to hear you just told Rachel and I that you're not a gambler.

No but if you pull that money out of that IRA you are gambling because you've not lost any money in that IRA despite the balance that you're seeing day in and day out.

You've not lost any of that unless you pull it out.

But right now the stock market is in a true bear situation it's a bear market and there are a lot of money on the sidelines because of interest rates going up and very smart money people who play the stock market which affects your retirement account and it's real but they're just on the sidelines right I just saw an article today trillions of dollars I think it's four

million dollars of cash has been pulled out of the market recently and it's sitting there it's going to come back and what you have to do Dave has said this for years Rachel stay on the roll of coaster right now that roll of coaster is in a big

dip but it is going to come back and I want you to look at it this way any any money that you were to put in that not to say that you are but I'm looking at my 401k and I'm looking at it going every time I contribute to that Rachel in this bear market I am getting stocks and

and those mutual funds at a deal deal I'm getting them at a discount because when the when the roll of coaster comes back up Sheila and it's going to

well you're going to be sitting pretty so my recommendation is stop looking at it every day and then and then play to who you really are and you don't want to gamble so don't

pull that money out that would be gambled yeah and the taxes and everything else in the penalties that you'll have she lets it's not worth it it is not worth it so ride the roller coaster

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