Ramsey Everyday Millionaires We’re Maxing Out Our 401(k)s—How Do We Invest More?
Nov 26, 2025
Ryan, a caller nearing 50, navigates the complexities of retirement and investment strategies. He shares insights about his Roth IRA, his wife's 401(k), and a rollover IRA while seeking advice on maximizing his contributions. Dave Ramsey emphasizes the importance of catch-up contributions and suggests establishing a spousal Roth IRA for enhanced savings. They dive into the tax implications of converting a rollover IRA to a Roth, illustrating how treating taxes as part of your investment strategy can pave the way for a richer retirement.
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Check 401(k) Roth Status And Matches
- Confirm whether your wife's 401(k) contributions are Roth or traditional because employer matches are not Roth.
- If her 401(k) isn't Roth, consider converting retirement vehicles where sensible.
Use Catch-Up And Spousal Roths
- Take advantage of catch-up contributions by increasing Roth IRA contributions to $8,000 once you turn 50.
- Also set up a spousal Roth for your wife if eligible to boost total household retirement savings.
Convert Rollover IRA To Roth
- Convert a traditional rollover IRA to a Roth by paying the tax now to make future growth tax-free.
- First confirm tax cost with your tax advisor and keep cash on hand to pay the bill next April.