Our House Burned Down—Should We Use Retirement to Rebuild?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 12 December 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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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 ramsysolutions.com slash smartvester.
0:13.7	All right, let's go to Randy in Los Angeles.
0:16.2	Randy, how can we help today?
0:17.8	Well, first of all, thank you for taking my call.
0:20.1	Very excited to hear your advice and talk to you guys.
0:23.8	So our house got caught up in the January, L.A. fires and burned to the ground.
0:28.8	Oh, no.
0:29.9	Where were you?
0:31.1	Yeah, it was horrible.
0:32.6	So in Alpidina, the whole community, 6,500 homes got destroyed.
0:38.7	Yeah.
0:39.7	Wow.
0:40.1	Very devastating, but now we're kind of an excitement boat because we're rebuilding.
0:44.8	So we're moving past that.
0:46.4	Okay.
0:47.5	Luckily, we had enough assurance.
0:50.1	We have a lot, we have a lawsuit with SoCal Edison.
0:53.1	That's two or three years standing the road.
0:55.5	But we're about to rebuild for $1.6 million.
1:00.2	Insurance will probably cover about $1.1.
1:03.2	SoCal Edison will probably get about $200,000.
	...

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