Will I Be Able To Retire Next Year?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 10 July 2024

⏱️ 8 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. Susan is in New York, New York.
0:25.0	Aptly named.
0:26.0	What's going on, Susan?
0:28.0	Hi there, so I am 58 years old, almost 59,
0:32.0	and I have been a public school teacher for 37 years.
0:36.0	Oh wow. Thank you Susan. What a career. Thank you. I have kids in public school. We appreciate you. I appreciate that. So my question to you is, can I
0:46.4	retire in about a year as I hope to? Oh, this is a fun game. All right. Are you married, single?
0:54.0	I have been divorced five years.
0:56.0	Okay.
0:57.0	What is your nest egg look like?
0:59.0	I have a little over 500,000 in various investment accounts including 403b, so about half of it is
1:09.9	post-tax dollars.
1:12.2	Okay, so this is in Roth 403b or Roth accounts?
1:15.8	There's a Roth IRA is a small portion but most of that are investment accounts in the market and oh I see like a brokerage account outside of retirement. Yeah, yes. Okay. I didn't know if you had post taxes and you've already paid taxes on it.
1:29.0	Part of the part of mine was from the sale of my marital home.
1:36.0	So that's post and so is the Ross IRA that I have.
1:41.0	Okay.
1:42.0	And then you have your home? No that was sold after after the
1:46.6	divorce so I have been renting since then. Okay and is there any other assets or
1:50.6	is 500k that's about your net worth?
	...

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