Should I Convert My Traditional 401(k) to a Roth?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 11 September 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Listen to how ordinary people built extraordinary wealth - and how you can, too. You’ll learn how millionaires live on less than they make, avoid debt, invest, and are disciplined and responsible! Next Steps: 💰Need Help with your investments? Click here to connect with a SmartVestor Pro. 🏠To learn more about how to plan for Retirement, click here 🏦To learn more about Investing, click here 🎓Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership 💸 The Ramsey Show Highlights Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.
0:11.0	Com slash invest.
0:22.0	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Josh is in Tampa.
0:24.0	Hey Josh, how are you?
0:26.0	Hey I'm doing well Dave, how are you?
0:28.0	Better than I deserve.
0:29.0	What's up?
0:30.0	Hey, so kind of a weird situation, I need to get some advice from you guys.
0:34.0	So here's the gist of it. My wife and I are currently in the process of looking to buy our first home.
0:41.0	We are debt-free and have always been been a big fan, big
0:46.6	believer of just doing things debt free and we are actually in the position to pay
0:52.2	the house entirely with cash without house poor.
0:56.3	Awesome.
0:57.3	Yeah, so we are super nervous excited.
1:02.1	As most people can know it's a huge purchase.
1:06.1	But we're getting some pushback from friends and family
1:09.7	mainly because one of the main arguments is that that can be put into investment more in the
1:17.6	market instead of just buying a house the normal way and doing a mortgage.
1:24.0	So what they're saying is if you had a paid for house, what these people are saying is if you had a paid
1:29.3	for house you should go borrow on it and put the money in mutual funds. Yeah.
1:33.0	Okay.
1:34.0	Well, let me help you with this.
	...

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.