Should I Max Out Retirement Now and Cash Flow College Later?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 29 December 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.0	Scott is with us to start off this hour.
0:16.3	Hey Scott, welcome to the Ramsey show.
0:18.3	Hi Dave, thank you for having me on.
0:20.6	Sure, what's up?
0:21.6	I'm so having a question about 5.29 plan for my child, putting money into that.
0:29.9	Or, maxing out my Roth IRAs and retirements instead because I'll be around age 62 when
0:40.2	he's 18 going to college.
0:41.7	So I thought it could just catch for my retirement, instead of doing the 5.29 plan.
0:48.2	But if not, there's any advantages or disadvantages, is I'm not thinking about?
0:53.6	Hmm.
0:54.6	Let me back up, are you out of debt?
0:58.7	Yes.
0:59.7	House and everything?
1:01.2	Correct.
1:02.2	Why do you go, dude?
1:03.8	Congratulations.
1:05.2	How much is in your retirement account?
1:07.6	Right now I have about 400,000.
1:10.5	Cool.
1:11.5	What's your paid for house worth?
	...

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