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?
A couple bank accounts.
Just in checking accounts? Or normal savings accounts?
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