Navigating Life Insurance and Pension Options

This chapter emphasizes the critical role of life insurance in financial planning, recounting personal stories that illustrate its comforting impact during loss. The discussion transitions to pensions, providing insights on the advantages of lump sum investments over monthly payouts and the benefits of rolling over pensions into IRAs for increased financial security.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

🔗⁠⁠⁠⁠ ⁠⁠⁠⁠Share the Ramsey 101 Playlist!⁠⁠⁠⁠⁠

Dave Ramsey and George Kamel answer your questions and discuss:

"How do I navigate refusing a large monetary gift from family due to cultural expectations?"
"I'm about to take on $200,000 of student loans, how do I begin to pay this off?"
"Dave, have you gone soft on Crypto?"
"I'm worried that if I buy a car right now, it will jeopardize my ability to get a home loan"
"How do I support my household on my own when my husband doesn't work?"
"Should I take the buyout or the monthly payments for my pension?"
"How do I ask my boss for a raise?"
"Should I take out a HELOC for home repairs?"
"Should I re-enter the workforce if it means that I will be away from my friends and family more?"
"Is it okay to not buy a home for a couple of years while living in a foreign country?"
"My husband says I'm financially abusive, is he right?"
"Can I go on vacation while I am saving for a house?"
"How do I improve my credit score so I can get balance transfer credit cards?"