Use My 401(k) To Pay Off The House?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 26 August 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Dave Ramsey & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of Ramsey Network. Delivered to you seven days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All right, Elizabeth is with us in Cincinnati.
0:07.1	Hi, Elizabeth.
0:07.6	How are you?
0:08.9	I'm fine.
0:09.8	How are you guys?
0:10.7	Better than we deserve.
0:11.7	What's up?
0:13.3	Well, first off, I love the book, and I loved meeting your daughter, Rachel, a couple of years ago. Well, thank you. And our oldest son
0:24.4	is the one who introduced us to Dave Ramsey. And after we've seen Rachel, we went home and we got
0:31.8	busy. Okay. And we are, me and my husband both will be turning 60 next month.
0:39.5	Mm-hmm.
0:40.7	And we have seven children who are now all out the door.
0:45.1	Yay!
0:45.4	And we have really worked really hard.
0:52.5	And we were very late in starting 401Ks. Once we started doing all of our
1:00.6	savings, we had a couple of catastrophes in our house, which we had to do complete remodeled,
1:09.2	guts, bathroom and kitchen because of black mold.
1:12.5	So it wasn't beautification.
1:14.4	This was health issue.
1:16.7	So goodbye savings.
1:20.3	And at this point, we only have a house payment, one car payment with $1,600 left on it.
1:32.3	And after COVID, my husband took a 10% cut in pay, lost his bonuses.
	...

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