Should I Reduce My 401K To Start An IRA?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 30 October 2024

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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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. All right back to the phones we go.
0:24.0	We're going to stay here in Nashville and I'm told Jelly is on the line.
0:28.0	Jelly!
0:29.0	Hey Ken, how'd we going today?
0:31.0	Well, we're having a blast.
0:32.0	What's going on? Can I just ask, is this a given name?
0:34.0	I'm very curious.
0:35.0	My name is Joseph, actually, but everybody calls me Joey.
0:40.0	Okay, that helps me out.
0:41.0	I caught it.
0:42.0	Well, now I gotta ask. How did you come about getting the name Jelly?
0:45.2	Is it Joseph? Is it radio appropriate, family friendly? Oh.
0:48.4	I mean, that's just what my mom and dad decided they want to call me so that's what it is.
0:53.6	Also he's a youngster around the house instead of yelling Joseph or Joe they just
0:57.4	called you jelly. Yep that's it. Wow love it. I'm gonna avoid the obvious
1:02.0	for tort hearing just get right to the question.
1:05.0	Okay, how can we help?
1:07.0	So I have a question regarding baby step four.
1:10.0	I have a Roth 401k at work that has about $215,000 in it. My company matches a half a percent up to six percent.
1:23.7	So I'm contributing 15 percent now.
	...

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