Pay $50K for a Disney Trip?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 11 July 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. My question today is about
0:08.3	spending a lot of money on a big trip for my family. Cool. Sounds fun. Yeah. Do you have a lot of money?
0:19.5	That's the question.
0:21.8	I retired last year, and I feel like I'm doing pretty well.
0:26.8	I guess the question is, if I don't have all the money saved, is it okay to take it out
0:31.2	of retirement?
0:32.3	We're going to Disney for my whole family, and it's like 20 people.
0:36.9	And you're paying for the whole thing? I'd like to. Okay. It's for my retirement family and it's like 20 people. And you're paying for the whole thing?
0:39.0	I'd like to.
0:40.1	Okay.
0:40.4	It's for my retirement.
0:41.7	And how much do you have in your nest egg?
0:46.3	About 1.1 million.
0:48.3	Okay.
0:49.4	And so you're going to spend, what, 40, 50,000 bucks?
0:54.3	Right. I think I'll have, 50,000 bucks? Right.
0:54.8	I think I'll have about 30,000 saves by the time we go.
1:00.2	And we live on my pension.
1:02.4	My husband and I live on our pension and his Social Security.
1:06.5	So I haven't taken any money out of there, and I don't have any debt.
1:10.6	How old are you?
1:12.5	62.
	...

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