The Ramsey Show It’s Not Too Late to Get Control of Your Money
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Sep 30, 2025 This podcast features various caller guests seeking advice on personal finance issues. Topics include handling family dynamics in a business, confronting financial exploitation by siblings, and whether to pause retirement savings to save for a house. Listeners explore starting retirement in their 50s and delve into the tough question of affordability for a stay-at-home parent. Dave and Ken also share insights on managing debt and making smart investment choices with windfalls, providing practical solutions for financial challenges.
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Pause Retirement To Get Debt-Free First
- Pause retirement contributions (beyond employer match) while paying off consumer debt and rebuilding an emergency fund.
- After debt-free and 3–6 months of expenses, resume retirement investing and then save for a house.
Use Roth Conversions And Catch-Up Contributions
- Convert rollover IRA to Roth if you can pay the tax bill now to gain tax-free growth later.
- Bump Roth contributions with catch-up rules at age 50 and use spousal Roths when applicable.
Trial-Run A Stay-At-Home Transition
- Test living on one income while banking the other's pay for three months before making a spouse a stay-at-home parent.
- Keep professional certifications current so the spouse can return to work quickly if needed.