The Ramsey Show "I'm 49 With Nothing Saved For Retirement"
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Nov 14, 2025 Struggling with retirement savings at 49? Discover strategies for starting late and building a solid future. Facing tax issues? Learn how to manage investments to avoid selling when taxes are due. Got a large inheritance? Find out how to allocate it wisely for education and growth. Additionally, explore the debate on paying off a mortgage versus investing, and hear tips for breaking the cycle of long-term poverty. Finally, get insights on balancing short-term cash flow needs with long-term financial goals.
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Start Investing After Debt Is Resolved
- Start retirement investing after you finish Baby Step 2 and fund your emergency savings.
- Invest 15% of gross income monthly to build a substantial nest egg even when starting at 50.
Relationships Change The Financial Equation
- Dating or remarriage can drastically change retirement math by combining incomes and assets.
- Ken and George highlight relationship choices as a legitimate variable in financial planning.
Reserve 30% Of Withdrawals For Taxes
- When withdrawing investments to pay taxes, set aside about 30% of withdrawals in cash to cover tax liabilities.
- Treat withdrawn gains as taxable income and reserve funds immediately to avoid a repeating cycle.
