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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