That’s the Definition of Stupid!
The Ramsey Show Highlights
Ramsey Network
4.6 • 682 Ratings
🗓️ 30 October 2023
⏱️ 8 minutes
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| 0:00.0 | brought to you by the every dollar app start budgeting for free today mike's in |
| 0:07.0 | Dayton ohio hey mike how are you good dave and george um i'll get right to my question i haven't heard |
| 0:16.0 | i've been calling you for about six months and we paid off all our credit cards and now we're down to nothing |
| 0:23.8 | but our mortgage but I have two parent plus loans for my daughters and they want to do that |
| 0:32.8 | pay for play thing for or whatever that's called that extends them out and i'm 59 and i'm almost 59 and a half |
| 0:43.0 | and i have a half of i have 500 000 in 401k between me and my wife and i also started a new job about five years ago, |
| 0:56.5 | and I was putting a lot into that, |
| 0:58.7 | and I have about $125,000 in that. |
| 1:03.8 | And I was wondering if I should, |
| 1:06.8 | when I get 59 and a half, if I should use that $125 and pay off them two parent plus loans. |
| 1:14.8 | How much are they? |
| 1:16.5 | One's $41.5, and the other one is $18,078. |
| 1:23.9 | I would. |
| 1:25.6 | Just pay them off? |
| 1:26.9 | Yeah. |
| 1:28.2 | Okay. |
| 1:28.7 | You are technically liable. |
| 1:31.1 | They are not. |
| 1:32.6 | I understand it. |
| 1:33.6 | They said they would pay them back, but... |
| 1:35.3 | But then they said they weren't. |
| 1:38.5 | Well, they're going to do that extended thing. |
... |
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