Ramsey Everyday Millionaires When Does a Spousal Roth IRA Make Sense?
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Jan 7, 2026 A couple debates the benefits of spousal Roth IRA contributions versus saving for immediate needs. They discuss their financial situation, revealing $1.5M in retirement accounts and a paid-off home. The conversation highlights the importance of maintaining a six-month emergency fund while also investing 15% of income. Practical tips are shared on using high-yield savings accounts for cash management and preparing for future expenses. The hosts provide reassurances about their financial adequacy and emphasize staying organized with finances.
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Prioritize Emergency Cash And 15% Investing
- Do keep a six-month emergency fund and use a high-yield savings account instead of stuffing cash in envelopes.
- Do invest at least 15% of your income across retirement accounts like Roth IRAs or 401(k)s.
Alice's Caregiving Retirement Story
- Alice retired in 2015 to care for family and has been out of the workforce for years.
- She and her husband now have about $1.5 million saved across retirement accounts.
Small Contributions Won't Break Your Plan
- Don't stress over small extra contributions now; a few thousand dollars won't derail a solid retirement plan.
- If you want more cash for vacations or comfort, prioritize those after hitting the 15% investing goal.