Navigating Retirement Finances

This chapter addresses a listener's financial concerns as she and her husband approach retirement with mortgage debt and reliance on Social Security. The discussion emphasizes effective communication, budgeting strategies, and the importance of addressing financial realities together.

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📈⁠⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠⁠

Dave Ramsey and Jade Warshaw answer your questions and discuss:

"Is it legal as a wife for me to protect my finances by opening an account separate from my husband? "
"We have $0 in savings and are barely scraping by. Would furthering my education help me make more money?"
"My In-laws are not financially literate and have no retirement savings. How do we give them a reality check?"
"My family is pressuring me to become a lawyer but I'm not sure I want to take on that much school debt"
"My dad owns $12 million in real estate. Should my husband and I start saving to buy out my siblings in the inheritance?"
"Should we tackle our 401(k) loan first?"
"Do you have any advice for a wife whose husband won't share finances even thought she's great with money?"
"I need a higher paying job, should I give up my company vehicle even though I don't have a car?"
"Should we hold onto a property or cash out now?"
"If everyone spent less and saved more wouldn’t that hurt the economy because stocks would tank and jobs would be lost without that money coming in?"
"How can I convince my husband we can't live on just Social Security?"
"Can I use a credit card for cash back and just pay it off every month?"
"I'm 28 years-old and still struggling with financial stability"
"We need a new car but I can't stomach spending $30k"
"Can I afford to move out of my parent's house now that I'm debt-free?"
"I have debt in my name but I am not the one paying on it. Should I still tackle it myself?"
"Can my husband and I afford a lake house?"
"Should we accept a first-time home buyer benefit program?"