Podcast Appearances
You guys have just got to start saying it more so that he can say it to y'all.
You guys have just got to start saying it more so that he can say it to y'all.
You guys have just got to start saying it more so that he can say it to y'all.
Thank you, Rachel. Rachel, my husband and I are 64. We'll be turning 65 at the end of the year. So, of course, we're thinking about retirement, and that kind of panics me a lot. I feel that we did not plan very well, and it came very fast. Um, we do not have a pension. I took my 401k to pay off some debt, but we do own a home, um, with no mortgage of 700,000.
Thank you, Rachel. Rachel, my husband and I are 64. We'll be turning 65 at the end of the year. So, of course, we're thinking about retirement, and that kind of panics me a lot. I feel that we did not plan very well, and it came very fast. Um, we do not have a pension. I took my 401k to pay off some debt, but we do own a home, um, with no mortgage of 700,000.
Thank you, Rachel. Rachel, my husband and I are 64. We'll be turning 65 at the end of the year. So, of course, we're thinking about retirement, and that kind of panics me a lot. I feel that we did not plan very well, and it came very fast. Um, we do not have a pension. I took my 401k to pay off some debt, but we do own a home, um, with no mortgage of 700,000.
And I do own a business that is grossing 1.3, um, million a month or I'm sorry, a year. A year. A year.
And I do own a business that is grossing 1.3, um, million a month or I'm sorry, a year. A year. A year.
And I do own a business that is grossing 1.3, um, million a month or I'm sorry, a year. A year. A year.
I know that we just find it very hard to save money and money is always going back into business. And of course, we like to live a nice lifestyle too as well. But so my question is, How do you have enough income for retirement if you don't have the pension or the 401k? Would it be wise to sell the house at some point and the business and then invest that and live off the income?
I know that we just find it very hard to save money and money is always going back into business. And of course, we like to live a nice lifestyle too as well. But so my question is, How do you have enough income for retirement if you don't have the pension or the 401k? Would it be wise to sell the house at some point and the business and then invest that and live off the income?
I know that we just find it very hard to save money and money is always going back into business. And of course, we like to live a nice lifestyle too as well. But so my question is, How do you have enough income for retirement if you don't have the pension or the 401k? Would it be wise to sell the house at some point and the business and then invest that and live off the income?
Yes, I'm married 40 years.
Yes, I'm married 40 years.
Yes, I'm married 40 years.
No, I took it. You'll love this. We paid off our kids' college with that. So, no.
No, I took it. You'll love this. We paid off our kids' college with that. So, no.
No, I took it. You'll love this. We paid off our kids' college with that. So, no.
He takes Social Security. He doesn't take... A salary from the business, so he takes $2,000 a month Social Security.
He takes Social Security. He doesn't take... A salary from the business, so he takes $2,000 a month Social Security.