The Ramsey Show - App - Get Control, Get Peace and Get Sassy with Your Money (Hour 2)

Episode Date: December 11, 2018

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🎵 Live from the headquarters of Ramsey Solutions, it's the Dave Ramsey Show, where debt is dumb, cash is king, and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey, your host. Thank you for joining us. Open phones at 888-825-5225. That's 888-825-5225. Stephanie starts off this hour in Miami. Hi, Stephanie.

Welcome to the Dave Ramsey Show. Hey, Dave. Thanks for taking my call. Certainly. So I'm trying to figure out whether or not I should stay in my current job or start looking for a new job. I currently make $93,000 a year. I'm an accounting manager and I've been with the same company for eight years. I'm working the baby steps in the budget. I'm on baby step number two. And I anticipate to be debt free by September of 2019, God willing.

Good. Thank you. I'm also graduating college December of next year. So the company I work for is struggling financially. The owner's been very lucky. He's made tons of money, but he blows through everything. And the business basically operates on a line of credit. So it can be quite scary, especially since I'm in a county and I know what's going on. So I wanted your advice, whether or not you think I should start looking for another job or just hang tight.

What would be wrong with looking for another job? Well, I'm not debt-free yet, and I don't have my three to six months of expenses. I didn't say quit. I didn't say quit. I said look for a job. Okay. You don't have to quit to six months of expenses. I didn't say quit. I didn't say quit. I said look for a job. Okay. You don't have to quit to look for a job, do you? No.

Okay. So what if you were just out shopping and went on a couple of interviews and someone offered you $105,000 a year to do what you're doing now in a stable company with wonderful people? Yeah. You would leave like now, wouldn't you? Of course. And there would be no gap in your income

because you'd be going from one place to another place. Right, right. And if you can do that, there's no downside. Okay. I think you're wise to not just sit there and let this mess happen to you because you think it's going to blow up. And I do, too, based on what you told me. I don't know when.

You probably know better when. But there's going to be a day that this character can't hide the pee under one of the shells. He's always playing a shell game, right? Right. And you don't know when that's going to be, which month that's going to be. And then you're out on the street. So, yeah, I think you look for a job because I don't think this guy's – I don't think you see yourself working there eight years from now.

I don't think you quit and walk out the door today without something lined up, though. Of course, of course. And I wouldn't do that. So there's no downside to looking for a job, though. Hey, thanks for the call. Andrew's with us in Lexington, Kentucky. Hi, Andrew. How are you?

Hi, Dave. How you doing? Better than I deserve. What's up? I just wanted to ask you a question about my wife. Just recently inherited her father's IRA account. And, of course, they told us that it could roll over like a deceased account or whatever. An inherited IRA, right.

That's it, yes, sir. And it is our intent to use that for the children's college. And right now, he had it 50% in bonds and 50% in the market. And I knew the market had started getting a little more volatile, and if we knew we were going to use that in six years towards the college education and there was enough right now to pay both children, would you take and put all 100% in something more secure, or would you keep it still 50-50, or would you do something different maybe? Well, I wouldn't be in bonds in a raising interest rate environment.

Where interest rates go up, bond prices go down, and that's the environment that we're in. Mortgage interest rates are going up. They have been. And they've been clicking up a little bit here, a little bit there. And as they do that, these long-term bond values are dropping. So I don't buy bonds anyway, but particularly in this environment. So I would move out of those.

If I woke up in your shoes, I probably would just invest it in some good growth stock mutual funds. If you want to be a little more conservative, you could do some balanced fund. I generally put mine across four types, growth, growth and income, aggressive growth, and international. You could do that here. You could do that here. You could do that here, and you'd be okay. You've got six years. You ride the market volatility up and down. You'll be all right.

Money's not going to go up over six years. If it doesn't, it'll be a very, very unusual six-year period of time. But if you want to make it more conservative, you could pull that aggressive out. That's the more volatile of the four. And you could put a growth in income, I mean, a balanced fund in its place. And then you'd have two very, very conservative categories, balanced and growth in income. The balanced will have some bonds in it. But nevertheless, it's a conservative play if you want to put some money there.

And nothing wrong with that at all. So, hey, thanks for the call. We appreciate you joining us. Open phones at 888-825-5225. You jump in. We'll talk about your life, your money. Heather's with us in Chicago. Hi, Heather.

Welcome to the Dave Ramsey Show. Hi, Dave. Merry Christmas. Merry Christmas to you. What's up? My husband and I are looking to refinance our mortgage. We currently have a PMI, and we should have enough equity to refinance to get rid of the PMI. The only issue we have is we have about 4% interest rate now, and the lowest they could probably get us is 4.875%. And I know mortgage rates are on an upward trend, correct?

Mm-hmm. Mm-hmm. Yeah. So do you think it would be- What kind of a mortgage do you have? We have a 30-year fix right now. No, what type? FHA, VA va or conventional um fha okay all right yeah the only way you're going to get rid of it is to refinance it and so i know what is your balance our balance right now is 221 221 yeah. And your current interest rate again? 4%.

Okay. Yeah, you're going to go up to 4.5 on a 15-year fixed conventional right now. Okay. And so you're going to go up a half a point, but I think when you run the calculation you're still going to save money. I think so. I think so. I think so. We pay about $150 a month for our PMI.

Yeah. I'm thinking the P, which is, you know, so that's $1,800 a year, which is on $200,000.9, so it's a little less than 1% a year. Yeah, you're probably going to save money. Okay. So we could go ahead and do that? Yeah, it converts to, you know, 1,800 a year on 220,000 is about 0.8, 0.9%, not quite a full percentage point per year. Right.

So if you go up a half a point in interest rate from 4 to 4.5, but you get rid of almost one percent you're going to be you're going to come out ahead so i think when you run the calculation you'll do that but uh check with churchill mortgage sit down with them they'll be able to help you actually crunch the numbers on this and know exactly whether this is smart or not uh but i think i probably would uh there may be a way depending on the age of the FHA loan, to get rid of it on that, but I don't think there is. I'd investigate that as well, but I'm not aware of it, but I would just check into everything.

It's real tight numbers here, so there's no slam-duck answer, but check Churchill Mortgage and they'll help you do the calculation. There's nothing smart about smartphones if your wireless plan is blowing your budget each month. Pure Talk USA offers smarter wireless with unlimited plans starting as low as $20 per month. You never pay data overage fees and we never turn off your data. No contracts, no hidden fees. And if you're thinking our low cost means less coverage, think again. Our voice and data service covers 99% of Americans and our 4G LTE network provides the fastest Internet speeds like more expensive carriers. We operate on the largest GSM network in the U.S. to ensure you receive reliable coverage virtually anytime, anywhere.

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As a Financial Peace University coordinator, right now millions of people are gearing up to take Financial Peace University in the new year. If you're passionate about the stuff we teach on the show and you want to join us in helping change people's lives, then sign up to lead a Financial Peace University group in your area. You don't need a lot of time. You don't need any financial up to lead a financial peace university group in your area. You don't need a lot of time. You don't need any financial training to lead a group. You don't even have to have been through the class to lead the group. We're going to show you how to do the whole thing, and we furnish everything.

Check it out. If you want to help us and you want to help people with money, you get a front row seat to Life Change. It is so fun to watch. You can just check us out at DaveRamsey.com or text the word LEADER to 33789. That's LEADER to 33789. Rick is in St. Louis.

Welcome to the Dave Ramsey Show, Rick. How are you? Good. Thanks for taking my call. Sure, man. What's up? Hey, well, I have a question. We decided this year for my wife to be a stay-at-home mom, and we've got our budget, everything.

We don't owe anything except for our house. Good. And I have a pension. I have annuity that's paid into work. That averages about 14%. And with our budget, we're right at, you know, even maybe gaining a little bit of ground. So my question was, could we cut back on some of the, maybe the 15% investment to pay the house off early, which we could probably pay off in three years just to free up some extra

monthly income. The 14% going into an annuity comes out of your check and it's mandatory that it goes into an annuity? It's paid in by the employers. I'm like, oh, you're not putting anything in there. No, it's just, no, that's just what it averages. Gotcha. So what's the balance on your home?

$42,000. And you think you can pay that off in three years? If we cut with what we're paying now and if we cut back on investing, 15% on our investing. Now, what's your household income? $70,000. Okay. All right.

And so we're talking about $10,000 a year. What's the balance on the house? You said $42,000. Okay. All right. And so we're talking about $10,000 a year. What's the balance on the house? You said $42,000. $42,000. Yeah. Okay. So $10,000 a year for three years would be $30,000. Plus what we're paying now, you know, on top of our house payment.

How old are you? 42. 42. How much is in the retirement now and the annuity no in the amount that you put in uh it's a it's a pension through the union so i mean it's not a you're paying 15 of your income into a pension no through our union we get a pension like when we retire. We get so much per year, but it doesn't have a full amount. The 15% that you're paying in, what's that going into? That goes in the annuity on top of the pension.

Oh, no, no, I'm sorry. My 15% is just my investment. How much is in that? Oh, I got $40,000 on that. My annuity, I got $150,000. Okay, so you're just getting started. Yeah. It's just to free up a little money, you know, since we're so tight on.

That was pretty tight with her staying at home now. I mean, we can do it, and we can do everything with our 10% giving and all that. You know, it's right there. Yeah. I just didn't know if it was going to be good at all. You know, what I would do is probably tighten down the budget even more, maybe look around to do a couple of other things to add a little bit to this, and let's try to do it quicker than three years.

But, yeah, I probably would stop it. It's within reach, and I'd reach over and knock it out. Okay. And it is the amount, basically, that you're paying extra is what you're putting into your retirement. I mean, basically, you're not paying hardly any extra except that. Right, and I wouldn't think about it if I didn't have a pension and annuity on top of that. Well, and I wouldn't think about it if it took longer than three years. I'd rather it take two years.

Okay. And so that's what I'm saying. Is there something we can do to crank this up, put another $10,000 in this discussion, and knock this out in two years so you can get back at this? And then when you get back at it, let's start putting that 15% away at that point. Good question. Scott's in Atlanta. Hi, Scott. Welcome to the Dave Ramsey Show. Dave Ramsey,

Merry Christmas to you. Merry Christmas to you, sir. How can I help? I want to tell you that I started driving Lyft as a side hustle, and I use the time that I'm in the car to listen to your podcast as inspiration and to remind me why I'm doing it. So thank you. Well, thank you. How can I help?

So my parents are in their late 70s, and they did an awful job planning for retirement. They've got a reverse mortgage. They filed bankruptcy several years ago. They're on Social Security. They both still work. They're in a debt consolidation plan. They've done everything wrong, and this will not be me.

My wife and I are on baby step two. We've been through Financial Peace University. We've got a little over $200,000 to pay off, not including our mortgage. Good Lord. So we'll be there in 37 months to do our debt-free screen. Wow. My parents called me and needed to borrow money last week. They haven't made it a habit, but it's not the first time.

And so it derailed us for the month. We had to work it into our December budget, which is the worst of the year. It did add to my intensity, and I had a long conversation with them about not supporting their unsustainable lifestyle. Well, I'm busting my hump trying to work 15 hours a day to get out of debt. Wow. Long story short, I thought maybe I should get them FPU. Yeah.

How'd that conversation go? You know, I kind of felt like their parent when we were talking about it. Like you were scolding them. Yeah, but, you know, the tables have turned financially. And, you know, yes, I'm able to give them the $500 they needed, but I told them that I can't make a habit out of doing it, and I won't, because I've got my own problems to take care of, too. The real question here is, I thought of getting them FPU, but at almost 80 years old, and

on what's basically a fixed and very low income, I don't know if it makes sense at their age and income level. Well, if they learned to be proactive with money and they learned to do a budget with what they have even if they didn't make a lot of wealth building progress they probably would gain a sense of power a sense of peace of mind but i would i'm with you i wouldn't project that we're going to turn these people into everyday millionaires. I wouldn't even project that necessarily we're going to get them out of debt. But at least the money that's coming in from the horrible reverse mortgage and the money that's coming in from Social Security would be managed more carefully.

Because for their whole life, stuff has snuck up on them. Right. And if we could get it to where stuff doesn't sneak up on them anymore they would feel better they would have a sense of peace you know when you know when you first start doing a budget and start making the money behave it's like i got around in front of this thing you know finally i got on top of it it's been on top of me my whole life now i'm on top of it we flipped it over you know and there's that sense of gotcha money we're gonna make you behave instead of you constantly dictating to us how life happens and

you know that kind of thing there's a little bit of that a little bit of sassiness that you get when you um when you get when you get up on top of this and if we can help them do that i would call that a victory i you know i don't anticipate a big financial move, but if we can get the crisis and some of the stress and maybe even some of the shame out of their life by them getting their handle on what money they do have coming in, it would be worth it. I'll give it to you to give to them, okay? That's very kind of you. I appreciate it.

You think you can get them to go? I know that there are local classes. I looked it up on the website. So, you know, I can give it to them with caveats and hope that I don't do the trick. They gotta go. I don't want to waste it.

They gotta go. If they'll go, I'll try to help them with you. It sounds like you got a good heart towards your mom and dad. Hey, thanks for calling in. Hold on. Kelly will pick up. We'll get them signed up. This is the Dave Ramsey Show.

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Better than I deserve. What's up in your world? Okay, I got a quick question for you. Me and my wife are in baby step two. We're chunking away at our debt. We're very open with our family about it. My sister sees the progress we're making, and she has a question for me, and I'm not sure how to answer it for her, so I'm calling you.

Okay. She's going into her senior year in college. She is an athlete. This year her coach gave her a full-ride scholarship plus an extra $5,000. She has taken student loans out before this time, and she's asking me if she should pay the $5,000 towards her student loans or what she should do with that money. Wow.

What's she studying? She is wanting to be a teacher. Okay, great, great. And so she's heading into her senior year? Correct. When, in the fall? Yeah, so she's still in her junior year right now. Okay, perfect.

Good, good. No, I would, the first goal for her is to graduate with no more debt. Okay. To ensure that that happens, I'm going to set the $5,000 in an account to never be touched for anything except to ensure that we don't borrow anymore. Seems simple enough. No more borrowing. Then when you graduate, let's say everything works out perfect. You graduate.

You never touch that money. There's $5,000 sitting there at graduation. You go get your teaching job. Everything's rocking. You get your apartment set up or whatever you're doing. You start your life. You've got $5,000 to start your life with. And if it survives that, then we throw it at the debt.

Okay. But that's after graduation. Okay. Make sense? Yes, sir. Thanks for the call. Knoxville's next. Christina is calling. Hi, Christina. How are you? Hey, Dave. How are you doing? Better than I deserve. What's up? Well, I'm hoping that you can help. My husband and I, we're new parents, and we had our daughter early, and so now we are loaded with debt. Okay.

So we're hoping that you can... We're very, very unorganized with everything just because... Sorry, this part's a little emotional, but we had to go on leave, and we had no savings at the time, and I wasn't being paid for any of the leave, so naturally things were just adding up and not being paid, and I wasn't getting paid. So that created a huge monster our car recently um we had to give it back because we could no longer afford it um and so now we're going to have that debt added so um so your husband your husband quit work too no no no he was working and was taking care of our home and like our bigger bills um but i you know the bills that normally i would help

you know like with the one car payment you know our bank loan and some of the credit cards those kind of piled up and you know you can't cut the income in half and then still try to survive on the two incomes you know spending so so the car got repoed it did know. So now we're stuck with that. And so I'm happy it's gone because we don't need any more cars. We're so overdead. We're so motivated and so determined. And we were prior to having her. We paid off $15,000 in debt before her, which came a little early.

So we ran out of time, and then it just got worse in the meantime. So in three months, you got behind on credit cards and got a car repoed during her coming three months early. Yes. Okay. And how's she doing? She's doing good. She's much, much better now. So she's just happy and strong and doing all the things. So we're super grateful for that.

Good, good. All right. Well, so you're behind on credit cards. You've got a car repo, and you're behind on a bank loan. Yep, and we've got now, because of her NICU bill, because she was born early, it was like $80,000 after insurance. It created a $5,000 bill. Wait a minute. Wait, wait, wait. Stop, stop, stop. After insurance paid everything but $80,000 after insurance. They created a $5,000 bill. Wait a minute. Wait, wait, wait.

Stop, stop, stop. After insurance paid everything but $80,000? All but $5,000. Oh, okay. So you have a $5,000 medical bill. Yeah. Okay, that's better. Yeah, and then a little bit of physical therapy medical bills for her.

When do you go back to work? I went back after four months yeah i did go back after four months um of having her but we threw daycare into the mix when we were already drowning so without even so what is your household income now um we're at right now about 68 000 65 something, $67,500, something like that. Okay. All right. Well, let's walk through what we're going to do. Okay.

The first thing is you're going to go back to getting organized again because that's your only hope. That's how you were winning before, and that means getting on a budget and making the $68,000 behave. As you probably remember, once you start getting organized you'll feel like you've got a raise and that'll get you there so you know you're going to start to make traction again now then the first goal is to take care of your household and keep the current bills current so food shelter clothing transportation utilities that kind of stuff and the bills that he already had current, we're going to keep all those current. You've got enough to do that easily. Yes.

Because you were doing that on half the income. Yes. Okay. So then what are we going to do from there? The next goal is we make a list of these other things, and we prioritize when we're going to get current on which ones. Okay? So do we get current on the bank loan before the credit cards?

Probably. Do we get current and get something going on the medical bill before the credit cards? Yeah, probably. Then we get current on the credit cards. And then once we're current on everything and we've got monthly payments going out, ignore the car repo for now. Okay. It's going to take them months to get around to bothering you.

So for right now, we're going to ignore it. And then once you're current, a little bit at a time, you get current on each one. Once you get current on everything, then you start your debt snowball again. Okay. And you'll clean up the credit cards, you'll clean up the medical, then you'll clean up the bank loan. And at some point, the car repo is going to call you and say, well, the car sold for less than you owed on it, and you owe us the difference, the deficit amount.

They will take roughly 25 cents on the dollar for that. So whatever they call you with, about a fourth of that is what you can settle it for. But you'll have to save up and pay cash to do that settlement. Okay. But today, we don't have to worry about that. We're going to just not worry about it. It'll be six months before they even call you, probably. Okay, yeah, because that's where we do get quarterly bonuses,

and we do know that we could be in a good position to be debt-free, which is our number one goal, because since having her, we would like to upgrade the home, but we want to pay cash. Yeah, you need to get some stuff cleaned up right now before we start upgrading the house and doing other stuff. But, yeah, we've got it we gotta get some we're gonna skip christmas so that way we can buy you know fpu um we're almost there to be able to get it so we're hoping that that will help and then we didn't know if you know we got our income tax your christmas was not your christmas was not 90 dollars

no no so you're not skipping you're not skipping Christmas to buy FPU that's just not true but I'll give you FPU for Christmas you guys have been through hell and I'll help you get out okay let's get you on out so you hold on we'll get you signed up for the class and for the one year membership as well get you into everything

but I'll be happy to help you with that but let's just get back in the saddle you got knocked off the horse that's what it amounts to and systematically get current I'd be happy to help you with that. But let's just get back in the saddle. You got knocked off the horse. That's what it amounts to. And systematically get current. Then once you're current, systematically work your debt snowball. And then save up and be ready to settle with the deficit amount on the car repossession.

And let's work this through. But get organized, get intense, get focused, get detailed again, and you'll start making progress again. You got your income back. You've gotten the other side of this event that has messed with you financially, and we'll get there. You're going to be all right. You're going to make it. Hold on.

I'll have Kelly pick up, and we'll get you signed up. This is the Dave Ramsey Show. Thank you. Well, we need another color to color a different day so that we can have a sale. Apparently, Black Friday is not good enough. We need Green Monday. So, oh, my gosh. So Green Monday is the second Cyber Monday, according to the experts, which are people that do all the retailing and selling of stuff. But anyway, so we're having Green Monday. Anyway, all week we're having Green Monday, but not even on monday so this is so freaking confusing anyway uh bottom line is you can get a deal on

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The Adventure Pack for the kids, teaching little kids how to handle money, including the bedtime stories and the whole bit. Oh, man, it's incredible. Check it all out at DaveRamsey.com or call 888-22-PIECE, 888-227-3223. Matt is on the line in Minneapolis. Hi, Matt. How are you? Good, Dave.

How are you? Thanks for taking my call. Sure. What's up? I just had a quick question. Me and my wife's budget meetings have been going a lot better as of late. We are currently on Baby Step 1, saving up for $1,000. And just last week, we got current on all our bills.

Good. Yeah. So I just had a quick question about doing, like, our debt snowball and with our budgeting. So I asked her on her input to make her feel involved in the budget, and she said that she doesn't feel comfortable doing the envelope system. She just doesn't like the security of having that money in the house because we are renting. So I'm not really sure of what to do as far as that aspect on how to,

what's like another way of how to do the budget system without the envelope system renting and increases the chance of money being stolen from your home no she just doesn't like the the fact that the money's laying around like not like not visibly but just being there why where's it gonna go right and that's that's what I explained to her. I'm like trying, because what I've learned in the FPU is, you know, the psychological effect of using cash. Exactly.

Well, there's another psychological effect here. When you run out of money in the envelope, that tells you that you're at the end of your budget category. If you don't have something to set off alarm bells that says you're at the end of your budget category, then you don't know you're out of money and you just keep spending. And you blow up the budget. Right. So what's your household income?

Our household income, do you want the growth income yes sir um 75 to 80 75 to 80 000 great and how old are you two um i am 32 and she's 30 and how long have you been married um we just celebrated our three and three year anniversary on the 28th of november okay and how much debt do you guys have um roughly 56 000 okay and uh how long ago did you start working on this budget um roughly two months ago. Good. Are you making progress? Mm-hmm. Is she seeing the progress? Uh, yes, she is.

If I asked her, she would say, we're making progress, this feels better, I feel more in control, what would she say? Um, she would agree. Okay. Grudgingly? Uh, yeah. Yeah. So she's not real enthused. Right.

She just doesn't like the math part of it, but I think... She's just not real enthused about any of this. Right. But she's willing to do the budget, and she feels happy when I let her give her input and everything, and we come to an agreement. But just with the envelope system, I even mentioned about doing FPU, and she doesn't feel comfortable speaking about finances within other people. But I said that you don't have to do that. You can just listen.

Right. That's exactly right. That was the exact answer. Yeah. Okay. Yeah, I probably would go to Financial Peace University if I were you guys. And you do not have to do the envelope system to win. Okay.

Right. But two things I would tell you. One is I'd probably go to Financial Peace University, and she can just sit there. She doesn't have to say anything. Just sit there. And I think that's probably needed with you guys because I really think that she's just barely involved here. She's just – it's a real strain for her to even do this as much as she's doing it for you. So I probably would not mess with the envelope system until you go to Financial Peace University.

If you're not going to go, another idea would be let's don't do the whole thing on the envelope system. I mean, at our house, we only do about four envelopes, but let's just do one. Let's pick a category. I'll give you a good one to try. Food. People overspend at the grocery store probably more than any other category. It's an out of control category. And if you said, let's just try for one category. Let's just say, okay, what are we going to spend on food? And let's put that in an envelope and you buy all your food at the grocery store out of that envelope

and you don't spend more than is in that envelope. And I think she can do one envelope. But I don't think this is about she thinks that the envelope system doesn't work. I don't think this is about that she is uncomfortable and afraid the money is going to get lost or stolen. I don't think it's about any of that. I think it's about that she's not really enthused about this whole thing. So we probably need to get down under the problem. The envelope system discussion is more of a symptom in this situation than the actual problem.

And that's what I think I'm hearing. So good luck with that. Open phones at 888-825-5225. You jump in. We'll talk about your life, your money. Jarrett is in Boston. Hi, Jarrett. How are you?

I'm doing great, Dave. Thanks for taking my call. Sure. What's up? So two years ago, I had left my employer. And when I had left, I had a 401K loan. Oh, wow. And I had called the financial institution before I left,

and I had asked them if it needed to be paid in full. And they said it didn't, and I could set up withdrawals out of my bank account every month. So I did that, and for two years it's been fine. I'm actually wanting to pay it off because I'm at the end of my debt snowball, and it's my last debt, and basically... So in November, fast forward two years later, uh, the money didn't come out. So I called and they said that I didn't have a loan and I was confused. And after them digging in, they saw that I did have a loan, but because my former employer,

uh, was bought out that they were transferring all the loans. And so I contacted the new carrier, and they said that they didn't have a loan. And I contacted my employer, and they don't understand what's going on because they said it was being transferred. But they're not transferring my 401k plan. So that confuses me as well. They're not transferring your 401k what? My plan.

Well, why don't you roll it to an IRA and that'll solve the problem. Right, but because I need to pay the loan back or else I'm going to get penalized. I know, but they're saying you don't have a loan. I understand, yeah. So roll it to an IRA, and then you won't have a loan because they can't find it because they're too incompetent to do their job. So roll it out to an IRA, and if they come back later and say, Oh, there was a loan. Yeah, I've been trying to tell you that.

And now I'll pay it. But go ahead and roll it out to a direct transfer IRA. Get with a SmartVestor Pro. They'll help you do it. Hey guys, it's Blake Thompson, Chief Production Officer for The Dave Ramsey Show. This hour's up, but you'll find more on our YouTube channel, where we have over 6 million YouTube views each month. You can find debt-free screams, millionaire hour clips, Dave rants, and so much more. Go check it out.