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Dave Ramsey suggests how woman, 68, can get by in retirement with nothing saved | Personal Finance | Finance [Video]

On the Ramsey Show – Highlights YouTube channel, the American finance personality answered a listener’s question about his mother’s financial situation.Alan was stressed as his mother did not know what to do next.

He said: “My mum has nothing saved for retirement, I wanted to ask on your behalf what she could do.”

Alan explained to the finance guru that his mother has very little in her retirement fund.

She has $18,000 (around £15,000) in her work place pension and $60,000 (around £52,000) in cash.

Her home is worth $500,000 (around £434,000), however she still owes around $205,000 (around £180,000) on it.

READ MORE: Dragons’ Den star set to turn over £1million after securing 7 figure deal with supermarket

Alan was stressed as his mother had gotten to a point where she does not know what to do next.

Being 68 years old, Alan’s mum had to take a less demanding role …

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