📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Ken Coleman & George Kamel answer your questions and discuss: "Is it too late to save for retirement at 60?" "I can't contribute enough to our wedding fund," "Have you changed your stance on bitcoin?" "We are being forced into a consolidation loan," "Should I wait for home prices to go down?" "Is it better to invest in a target date index fund that will adjust risk as I age?" 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 send us an email. 💼 Need help with your taxes? See who we trust. 💪 Invest with confidence! Get tickets to Investing Essentials 💵 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 Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
Welcome to the Ramsey Show, where we help you win in your life, specifically with your money, with your work, and in your relationships. Alongside George Campbell, I'm Ken Coleman. Thrilled to be with you guys today. 888-825-5225 is the number to jump in. 888-825-5225. All right, let's start it off with Amy in Minneapolis. Amy, how can we help?
Well, I am turning 61 in two weeks.
All right. That sounds exciting. Early birthday.
And I have been good with my money all along, but I have failed to have a retirement fund. And I'm wondering at this point what I can do so that I can retire maybe at 67.
All right. Okay, so we're working with six years to retire, and you have zero? George is going to walk you through this, but just a couple quick questions. You have zero, or you have very little? What's the real, real here?
I have no retirement fund, but I do have... Cash, and I have no real debt. The only debt I have is about $9,000 that I took out a 0% interest loan and did some updates on my house.
Okay. Sure sounds like real debt to me.
Well, yeah, but other than that, I have no debt.
What kind of cash do you have? About $200,000. And what's that sitting in?
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