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The Ramsey Show

What the U.S. Hitting the Debt Ceiling Means for You (Hour 3)

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.636.7K Ratings

🗓️ 20 January 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Ken Coleman & George Kamel answer your questions and discuss: Withdrawing from a 401(k), Preparing for a layoff, Choosing a higher-paying job vs. a more stable one, What the Debt Ceiling news means for the average American, Paying off debt when you don't have any margin, When a dream job suddenly isn't. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

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0:08.0

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0:16.4

Live from the headquarters of Ramsey Solutions, Broadcaster from the Pods, Moogin and Stored

0:33.6

Studio.

0:34.6

This is the Ramsey Show.

0:35.6

It's where America is hanging out.

0:37.6

They have a conversation specifically about your money life, your work life, and your

0:42.8

relationship life.

0:44.1

The full number to join in is AAA 825-225.

0:48.9

I'm Kim Coleman, George Campbell.

0:50.5

Join me this hour.

0:51.8

Again, the number to jump in is AAA 825-5225.

0:55.9

We're going to start this hour off with Cara and Houston, Texas.

1:00.7

Cara, how can we help?

1:02.5

Hi.

1:03.5

I have a 401k and I wanted to roll it over to a Rapa array, but I needed to take so many

1:11.4

out.

1:12.4

I'm wondering, is it best to do a withdrawal now and then roll it over and then try to take

1:19.1

a withdrawal?

1:20.4

I just wouldn't take a withdrawal at all.

1:22.7

How old are you?

1:23.7

I'm 65 and it's not a lot of money.

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