📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Ken Coleman & Dr. John Delony answer your questions and discuss: "When do we stop investing and start giving?" "My ex wants to spend way too much on our kid," "How do I stop having 'retirement guilt'?" "Can we upgrade our home when we retire?" "I'll never be able to match my fiancée's lifestyle," "We might lose our dream home." Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💸 Learn more about opening a high-yield savings account with Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📱 Watch the full episode for free in the Ramsey Network app. 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📄 Need help with your taxes? See who we trust. 🎟️ Get Tickets to the Money & Relationships Tour 💵 Start your free budget today. Download the EveryDollar app! 🪑 Check out Front Row Seat with Ken Coleman! 🏘️ Free Tools & Resources to Reach Your Home Goals Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy
Full Episode
Welcome to The Ramsey Show, where we help you win in your life. We're going to help you win in your money, win in your profession, and win in your relationships. The phone number to jump in today so we can coach you up is 888-825-5225. Alongside the incomparable The Doctor Is In sign is hanging above my head, Dr. John Deloney. What's up? My pal and seatmate, if you will.
And I'm Ken Coleman, and so we are here for you today. So no money personalities, but we know the basics, and we're going to help you out. We're going to get behind some of this stuff. So excited to have you with us. Corey's going to start us off, John, in Detroit, Michigan. Corey, how can we help today?
Thank you for taking my call. You bet. What's going on? My wife and I are kind of trying to think in the future, and we know that our wealth is going to be significant, and we're just trying to figure out when do we start to give.
Yes.
Tell us about this wealth. We know we're going to be wealthy. Give us a picture of what's going on and when it happens.
We're currently at around $900,000. And my wife and I are teachers, so we have a pension as well. We have about $320,000 in Roths. We have $210,000 in our 457th. We currently max out our Roth, our 457s every year. And then we have two additional properties besides our single residence.
900?
Around 900. Okay. So what is the question? I love how John answered. He's absolutely right. So what is the specific giving strategy or question marks you have around this? What are you pondering?
So we live comfortably as we are and as we're saving and our kids, Colleges are taken care of and our goals are set. And we know we'll achieve our goals. The question is, when do we stop building our wealth and when do we start giving it away?
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