What Is the Best Retirement Option?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 28 October 2022

⏱️ 9 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, Rachel Cruze, John Delony, George Kamel, & Kristina Ellis. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

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.
0:13.9	Josh is on the line in Buffalo, New York.
0:17.6	Josh, how can we help?
0:18.6	Hey guys, how's it going?
0:19.6	Great to get the chance to talk to you guys.
0:21.4	Yes, sir.
0:22.4	Good to talk to you.
0:23.4	All right, so I've got a quick question about my wife's retirement plan.
0:26.8	We're going to start investing shortly, we took a little pause just to pass them dead by
0:31.1	house.
0:32.1	So my question is, we have the option to do a Roth 401k with our financial advisor, or
0:37.8	she works for the hospital, and her hospital offers a 457B deferred compensation plan.
0:44.0	And really, just my question is, should we do the 457B through her work or a Roth 401k
0:49.8	with our advisor?
0:51.8	How is your advisor allowing you to do a Roth 401k?
0:54.8	I'm sorry, not a 401k, a Roth IRA.
0:57.6	Oh, there we go.
0:58.6	I was like, I have never heard of this.
1:00.9	I was thinking the same thing.
1:02.2	My mind is blown.
1:03.2	Okay.
	...

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