March 4 2024- Mary, a 59-year-old caller from Florida seeking retirement advice on The Ramsey Show, revealed she has no retirement savings. After selling her home for $518,000 and paying off most debts, she has $290,000 and a $10,000 emergency fund. Mary, a self-employed bookkeeper earning $70,000 annually, has a car lease with 30 months left at $400 per month. Dave Ramsey advised Mary to spend money wisely to effectively save for retirement, emphasizing the need for a nest egg and a debt-free home by age 75. Ramsey acknowledged Mary’s current assets and income, urging strategic financial planning.
https://www.the-sun.com/money/10549156/no-money-retirement-danger-zone-spend-more/
