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broadcasting studio, Judge Ramsey matters DOM, engage in the place of the Bmw. They can call Ramsay personality, not borne by showing all, but it is my hope today we're here to help you with your life, your money, your career in coalmines, show the gentleman show talks about jobs and careers every day, getting in work that you

of getting involved in work that matters and will take calls about that as well. The phone number triple eight eight to five five, two to five crisis in San Antonio Texas Ichorous, our you good afternoon, guy, what's up Highgate, so my question is or I get get my question I have well. I I became a lan Lord about twenty two years By default? I have a home and asking Turkey I own image, but. Time back home is grounds became value John, I'm at a point in my life why? Why might want to sell at home? I just need some direction in knowing, if it's the right time for me to do that, and if I do decide to sell it I want to know there's, a new way to possibly avoid capital gave back.

we certainly hot real estate market, greater Michel, real estate by Law- just a general statement right, capital gains, we're gonna, pay capital game, my guess. Is you been depreciating at all these years? Right? Yes, you probably haven't adjusted basis close to zero. The whole thing maybe gain yes, yes, that's! True. Now and I shall watch louse worth. I think we could listed for about five. Fifty yeah, so you're gonna have to ease Sixty thousand dollars and capital gains right that now more than one that nine o clock, I have all of us

able waiter who pays on try, though he does a lot of his home, made each developed to the property, Oh, if the situation were now it's kind of ideal, but at the gate- and I don't know the mark- is gonna- continue to increase or that's gonna blow. I've start in a decline in value. I was a girl, you go up and by you unless you gotta neighbourhood problem but overall real estate and other real estate as categories gonna go down Certainly there are neighborhoods that deteriorate. You shall not people at their property deteriorate that kind of thing, but I'm not worried about that part of it, The only thing I know that you can do to avoid capital gains. If you choose now is the time to sell it, for you would be what color ten thirty one tax deferred exchange and that would involve, would involve selling the property into an escrow account in buying another piece of real estate out about escrow account, and it is, in effect, a trade as if you ve created this property

the property, and so you roll your basis into the property. And so, if the new properties violent, thousand dollars or less you're gonna zero basis in it. And it s property. So you know you like everything you can appreciate unless you move up in property in show you and you can buy a may, not our property, but obviously that put up the money for the difference. and shall you're getting further into the real estate business I point and it just a matter whether you want to do that or not, but for instance, if you want to buy food houses in San Antonio fitted out houses. You could do that. The up any not being a little mother in your area, biggest problem And you just role you're just rolling the money over from that's what thirty one allows you to collect a roll over in the censure rolling it from the

Austin House, over there- oh I'm just gonna- be paying a fifteen percent capital gains right. the mayor, if you saw it next year by talking about raising the Capri gavel, gains right, so I haven't looked at it lately Dave. I thought that you didn't have to pay in the first five hundred thousand. That's a personal residents person all because this is a rental. a rental more than to the last five years. It is now a rental, got it It's? U lasers, that exemption twenty two year. Ass bad policy I voted to read the homes yet so that was a neo fight on bananas. It irritates me freely on glad you're, Otto solemn sweetheart or about address our you. Don't you hold on to hold him, but he had tat. Sets it bothers me.

Well, they are. There is always a waiter, yes, race, tax and that of your Democrats. If it works, is Melinda is where this Melendez in Richmond Virginia High, Melinda how're you. How do you take hands? Ok. Can I can't really excited me talking here you to watch up, my husband and I we are about to start babies- that four five six and my question is about how to hit by fifteen percent toward their retirement. I may happen Following that one, eighty, five and He gets going additional thirty to thirty five thousand. listen stopped! So working finding that we're heading that nineteen thousand five hundred dollar of borrowing cave country it's a before. We hit our fifteen percent, though I would have eaten When I talk to you, what we need to be doing to hit the rest of our fifteen percent? Where can we be putting out Now you do couple a Roth's, you're gonna be overshooting ought to do which called a backdoor Roth, but but, both

you do Roth and not just about get you there. Let's can be very close to your fifteen percent, the way back door Roth works as you get whether smart rest, her brow and hope you get that going, but you're doing as you open up and after tax, I already and twenty seconds later, you roll into a because it's an tax? I re you ve, already paid access on the money for one in there, just like you wouldn't wroth, and so when you wrote to arrive at, has no tax effect. And I do want to rear at its edge the only way you can get money into Individual Roth account if you make more than two hundred thousand dollars annually do with all this stuff added up here, shall you're gonna you're a bump into that ceiling, but that's all backdoor wrought. It's actually technically just a loophole in the law and but some day was a but not one up, I'm sure. I've got round to a chauffeur whether a lot of technical

lot reasons for hearted button up buddy side from that yeah you can just open after tax and relative Roth and you do that every year, and so are you money going on there. Then I think that in the nineteen we'll get you there get should organise debates. I thanks for the car. open, phones triple eight, eight to five five, two to five It is amazing the amount of tree and brain power. Dollars that we spend too keep our own money. Yes, washed her collar

got a job through hoops to do nothing at all. What is this a good investment, nothing to do with a mobile? They picked controller Maloney. It had to do with. How do I keep the government from taking my money, the whole new idea of full time, job of the column, a counter attack? This is the Ramses. I want you to stop and think what would happen to your family if you died today, could they pay the bills the mortgage, but food

table. This is why I talk relentlessly about having term life insurance. It's one of the greatest ways to show you care, but you have to be deliberate and get it done. I only trust Zander Insurance, since I know first hand that they built their business to serve you, gotta, Zander, dot, com or call eight hundred three five, six, forty to eighty two and let Zander help you be the hero of your story carbon rams impartiality, is my co host. Today, as we answer your questions about your life and your money is recall, AAA eight to five five, two to five: we really value the input of our listener. Share to the ranch. You show an option

what's important to you and we can adjust our content delivery. Just what we're doing here to make sure we're. Having you ve- been doing this a long time, but we can learn something from you guys. So, if you want, like a survey, a listener survey of the shellfish podcast check, Ramsay solutions, dot, com, slash survey or ten survey to thirty three seven, eighty nine as a hundred dollar, GIMP dollar Amazon Gift card that you will be in the drawing for, if you take the survey again, Ramsay solutions, dot, com, slice, survey or text sir two, thirty, three, seven Eighty nine would love to hear from you Nick sure whether in Miami, our local, a you are you. clearly absent lay watch, opt gold watch. to get off your phone or whatever you're doin there and what actually regular phone etc.

What can we told you? Ok, how can we help the location? the United States, clean, my dad clearly relationship with his family, and here they say, I've seedlings russian areas at the back of him fully financial. Am I only that son of leave financial independence, however, keep getting kind of and I want him to set up a will to like it by fate between the only people that the ban on environmentally? But he had not unwilling to do that. Why, though, basically, whenever he had been a topic here, boy said he told you he's doin sometimes and then he never does it. Why and then why why does he not do it? I don't know he's just like He doesn't like to talk about money. Basically, monies legality, like two million his date. Ten million to genuine two million well sometimes used to talk about money.

just fell into a pile of it somewhere. I do you think, But basically you very, I would be very good serb, like he's very doesnt wanna. Give any information guy cynical, this sum came about GDP siblings. Before you I mean I naturally, basically now I can't write up. Do you This plan is amended. until he does. He intend for them to get the money. I haven't ideologically! like able lucky gonna talk to me about yourself. I need hardly keep seventy seven. I hear some kind of. Actually that's not southern. What word Chirac's! What's there, what your family heritage? I'm looking up latina I'm agenda again. And here he is well ok what country? You? Ok! and so he came here with nothing yet

made a significant amount of money that is only seven looking now worded siblings over they back in Colombia. Are they in the states that you go again one of any state? And once I bet you glad you ok. Can I just one of you ever actually sat down with him and said pretty plainly, very clearly hey dad. You need to do something about this and see if he's actually gonna Ray, to you when you do that, or is it just something you're gonna kick in the can around were all beating around the bush. Just curious have had a direct were responsible conversation about this. Yet like a basically, the thing around last year, one uncle died because of covered and adapt boy? I'd like you to have this conversation, I set him down. He told him. I want him to make things clear, who having his money, because I want the problem, but to be or or due to basically have to figure out what he wanted to do was that about.

He told me that you're gonna get well and then nothing came out of it. So do you think? What what would you be your guess if he did do a will, that the it's gonna say You think he's gonna want you to manage the money and take care of his brothers and sisters. I think that the basically what he actually wants me once. What do you want me to Sunday? They wonder that mergers and does not occur well that's. The only thing I know do is take another run at it and then you can reach wash your hands of it. And another run, but shall I guess what? Where does he live This backing called yet its point out here Colombia as well. when will you be whether again do you think probably greatness locker? so what

do. As I say this, I would go ahead and let's just not have an abrupt conversation where we had a wall at Christmas, but going start talking to him by phone now andreasen when I'm there, one two things is going to occur while on There- and I need you to know this because I love you- I want to what should I help you? cause your wishes to be had. And you you'd show when I'm there. I want to see the will or you and I are going to go meet with the attorney in the will- is going to occur and open dad I'm managing this money for your siblings, so you need to have a different idea I am not willing to do that. I love you. Need the money and if you want to do that, you could send up down. There were the trust and so forth, but I'm gonna get sucked into this, where you have done business poorly and you take

My live animals are not gonna, get sucked into managing the money for them for the rest of my life. These are not two things. I'm willing to do that. I love you, I'll be any other way. I can, and I If you want to be responsible, you need to get your well done and I want to see it on their Christmas or I'll go with you and where their Christmas, but it does not, to say that I'm gonna manage the money for your siblings and just say also that on the phone? and just let him come again gases tat probably take similar while to digest it and your ear. You grew up in sure, like I did, of honour religion. Latinos share that ok, we're culture of honour and show you pay him honor, and yet You can honour him and not abide by his wishes. It's possible that just a man just a matter of telling him that you're admire what he does, who he is. Martha he's taken care of his siblings

I am not willing to engage in that, though dad- and I am want to honour you upon your death by making sure that your wishes occur as well. It doesn't involve me having to do that and and you're being sloppy with his dad. It's not q you're better, naw man than this, and Anna and I love you and I miss you- show much you're one of my heroes. That's You pay honor, did you hear it and that am I right that he is a man of honour yeah. I body else takes care of their siblings. Except treatment of honor here, there's a few, no but they're just cycles? Most people are just see that as an act of honor that's. Why does it yet the two years is a movie so you'd any you can view can tipping to him: pay much too? Who he is a man or a girl? Personally, as he as a good person,

and do all of that, and yet not fall into the trap of getting sucked into managing a honest, with no will nor get shot, and to managing his money for- brothers and sisters and perpetuation and You can just lay those outage boundaries in the discussion and you can do that while paying him honor and it only shot. If he does it, do it there. You just wash your hands of it. Just say that I just love you, but I'm not doing it. I'm not done nothing, but you died cuz. I begged you to do this. That's all melt down around their heads down there and arm turn up the heat I don't owe. Can I other not exactly. I think they were named Armstrong Bologna and where we do yeah or did he needs a Red Henry Clouds boundaries. I mean, I think that you nailed it. You just have to put it in his court. He doesn't want to deal, they don't wanna talk about it. Some kind of acts like well, it's just not there and then Audrey Heaven respected Him- is the way to go, but also forcing the issue

drive the nail home by the main, and I think you are right, you're onto something that

The problem is that the old man just being thick and he just go- let's go- require little more direct punch in the nose to get things moving, but the only way to do that is with a velvet glove strew. So this is the rams you share David or we just launched a brand new listener survey. We want to know what you think about the show you'll be entered to win a one hundred dollar Amazon Gift Card no purchase necessary. Take the survey, Ramsay solutions, dot, com, sly survey or text survey to thirty three, seven, eighty nine

common Ramsay personality. Is my coach today, open phones AAA eight to five five, two to five in the lobby of Ramsay solutions on the dead, free stage, Chad and Emmi Lou, or where the same guys out Warrior David Board. You guys live Omaha, oh my hand, a brass going all the way to Nashville how much data be paid off two hundred. Fifty thousand, two hundred and fifty thousand dollars, while lots alone interests. And how long did that like three? three years and your range of income during that time, one twenty three to one and forty one. Twenty three two one, forty one, ok cool, while That was the children. Fifty student loans

when we started the baby Sub Swain about a little over two hundred left on my still owns Roca than the rest, HBO C Windows, deck home and brutal. What do you guys do for a living, I'm dispatcher for transportation company and I ll occupational therapist in the home, helps setting our very cool orchard. Written that you spent two underground for clinical doktor. Ok, Bryce approach. So make it a hundred. Forty one haven't you ever married. This Seven the year saw after around for years a marriage. You begin their journey to get out of that. What started on the journey well- second little baby sit over there. I was pregnant with her and we want. I went to day care to pick up our first and to reserve her a spot and I knew how much day care caused by walking in hearing number I mean I just had a got punch and we have always

frugal. We took your class when we engage thank tort things. Tar dad my dad and I just I mean I just broke down in tears was pregnant. I just knew we can never pass my loanga with twenty thousand and daycare every year. That would just two kids know we have three so there's no way I mean we ve made any progress. I mean a thousand extra money goes nowhere when its thirty six dollars and interest to day it was crushing, ruled that our schedule on I work. Nor so I could watch the Kurds during the barrier, mostly chewed draft. So yeah our managers were just a godsend. We sat down and we're like. What do we do? in my manager. Let me switch my day off and he has a rotating schedule, and so we make it work I mean before covered. There were when we met in the driveway with the keys gave each other a kiss and- and we we didn't see each other all week, but now he s work from home, at least for now, which is there is actually a godsend so well, very good you

so how does it feel to be free of two hundred and fifty thousand three years, it's a lot less crying and more travelling we did our I mean we can get to this later, but we did our dream trip about two weeks ago and took the kids to Disney and you'll, see the picture of one of a picture of our kids at Disney and not just some. Our whole experience, I mean it's like living your best. In one picture. I mean I mean I just cry and I do so excited gratulation at bottom glad? You saw the bright it. We ve got to talk about the intensity. What was war where some of the most intense sacrifices? I know that this passing ships of the night is certainly one of em, but some other sacrifices things that were so difficult but also made huge impact. I think than

This thing is this guy right here, you know Dave talks about being the man of the house and stepping up in being in charge and Thursdays that he doesn't get any sleep. You know we have three kids and I leave sometimes for work at six or seven in the morning and that's the big sacrifices I mean he's done at all for me, I'm in two hundred thousand that's a lie and soon amounts to reach incident. get it done. So what am I mean? Waste stuff? We? We live very frugally, Amy Nebraska low cost, a living, but didn't eat out, we didn't travel, I mean we were gazelle, I mean if you have a definition, a gazelle we were, I mean we ve been if I saw something like pictures are family pictures is the most important thing to me. The now I mean that our cause as time is to help you know we just didn't all we will still motivated. What's the thing that you may never eat again?

is our meal. You, a tumor, was locked, broke political, you never ate in our path. Cook ever lied, Mr mom, I have a how either that also know why beads is what you're told we Nebraska Bill, rascally I love is the biggest gotta get a supermarket back. My milo Are you making arrest those look bad, though seriousness that oil than you guys very well done. That's cool! Ok! What do you tell people that secret to getting out of that is because you ve done a lawyer who, having goals entertaining a big thing out I mean we have the ultimate. The large golden three years is working to pay off the step, but little goals and between you know we can get this loan down and and this one in this August,

each goal and for me I was just having an end goal in sight. You know in the kids are little. This is the time to do it. We realised as they get older, there's only more activities to do things to get involved within more opportunities and when their babies, let's face it, you don't to travel anyway. It's so hard soak up. I thought I no longer. Let's do it now. We're haven't our kids now and then we're gonna be free forever. I mean we have we ve two years left on our house and then we're done. I mean we're while living it's so great. Thanks to you all body, are well down your heroes very well done a great job good staff are a good stuff, and so you the kid I was with you. What are their names and eight we have Elliot, is for we have Kingsley, whose three and to have him rebellion. Brindley we'll be his eyes me. Baby girl, she's, always sir, the areas.

Rams your ride. Shall I go we're going to see the real demands on tv automatically? Take it all version, alchemy. All we got a copy, the legacy journey for you. It's obviously obvious that you have a great legacy. Beautiful thing you ve done, I'm so proud of you and a copy of the total money make over as well the total monument over for you to give away to somebody who helped them start their journey Chad and made earlier cans. Lamb, Brindley, all on a brass, get dotterine. Fifty thousand paid up in three years. Make it up. Twenty three two hundred and forty one counted down, but Sarah debt for each group, three, two one Love, love, love! It so well done beauty! job man, the? Schedule thing with a day. Care is: that's enormous! Share, brutal

as an amazing amount of money, oil that that we know that that day care college together in most places. We have to make serious money. Just work. Absolutely you sure about. You know you think about how much schooling she went through scatter doctorate she'd. She does some really important in homework in other life, changing for the families that she's engaging with me and to see how their working together the sacrifice- and you know way to go Cheramie as observers, profits from your wife, man and an that's? That's next level conviction that we talk about. We talk about gazelle intensity, he's gotta come from somewhere. That intensity cannot be manufactured. You know that it comes from Syrian, yet a conviction This was an applicant tired, gonna live like that of added a malaria, and you ve got you ve got to read point or allowing you to say that it's not You're willing to do to achieve your gun.

It's what you won't give up. Yes, that achieving all sleep you mean to debt free collars on the show today, both of which worked unbelievable hours and Why don't we work hollow you're, not a workaholic, on a workaholic when you get here, is when you eat. You get your satisfaction from works all or nothing else is like your addicted to work. That's a workaholic working hot air that works. Hard is not a worker Hollis somebody's, hard simply as a goal, we're trying to hear their living like no one else will later they can live and give like no one else. I've worked like no one else for twenty five. Thirty years now I work when I want to I be down here under the show and that's why I do it every day by day

it's it's a decision. You know when you do what they ve done now. By get choices, you get margin, wriggle room and it gives you choices have to be not have to be working for a jerk. You don't have to be in a stuck in a bad job, a man. The toxic situation changes everything. This is the Rams Russia,

our scripture the day as they are twenty five one. Lord, you are my God. I want exalt view embrasure name for imperfect faithfulness. You have done wonderful things, things! planned long ago. Jordan, so some people wanted to happen. Some wish it would happen. Others make it happen there. It is. He certainly did does Nothing can common rams. Your personality is my co host today, Q is whether some Nashville Haiku? How are you ok, you're gonna blow out the speaker found Ghetto the other. You Uganda, Kelly, told you to ok, you, there you're gone

up next is western SALT Lake City. You talk I, and how are you. good error you better than I deserve. What's up, I so I won't give me the two Anthony Unit Award agreement I was wondering if you could explain but those are getting just the surgeon and I've never seen you talk about him on your you ve Channel oversell now probably have on, but I mean basically to differ. camp is what it is based on the stock price and there's not a set necessary, there's, not a necessarily a set methodology on when you receive them. It would be by the agreement. of them. They give you a pound leg. Only let your cash, the man when you leave is cheers are I believe so the other end giving me twelve hundred and get the units and

both of them have different. My grand dates in most EU dimension updates yeah. I just the big understanding of what they are and bright stir while they it's not actually stock stock, as you actually on a portion of a company, repositioning call phantom unit is it's it's a go start lay so, but what it does is it replicates the real thing, and so of twelve hundred units and on their worth it our peace than their return. If stock, as Oliver Abacha share than its twelve dollars of itself, ten dollars sheriffs twelve thousand year through a thousand dollars, This offer hard all share the hundred toilet. or so You know you're you're. which are worth what these stock prices per share of stock and then what you can catch. The man is unique to each company and each agreement, and it sounds like you- have a vesting schedule, which means that when you actual

become the owner and then what you do? determine other than that from the vesting schedule or from a charter we tell you this. Maybe your agreement, if you read, though it after your vested And you catch them already under way to leave after your vested vested me they actually or yours for the first time in essential, become an owner of the phantom units for just kind of an oxymoron but yeah. But it's there the valuation is the price, the stockpile times the number of units, that's what it's worth and then how you can get to them. The sky, You'll have access to the money is unique to each agreement. Some good question thanks for joining us. following a triple eight eight to five five two to five Daniel is whether Daniels in Nashville High Daniel. How are you. I'm good day. I got a question about disability from the aid. On top of my working

to the stated tennesseeans like it's gonna get the retirement through the state, with a pin Otherwise, how do I make Last word on when I realized I long to be receiving this ability until dawn How do I know you are making to child? How am I, relating to show that I am sad for retirement right now about fifty thousand dollars in retirement. Right now thirteen hundred dollars a month into my wine trade, even though the stand until pension I'll get emerge from the state the bottom? Also mention our every year, six thousand dollars good boy. You ve got that NASDAQ any to the nest take from the fire, a one k and then asked egg from the IRA's Money that you actually control you control

What is is invested in you control, you take it out. Late return Why did you take it out? A retirement you can, let us show them grow. can move it to when you retired role, that for a one k and when I arrived at that time and mutual funds- and you can have complete control of that part of your world and that's your mistakes. last August, shutting sitting down with your investment professional with your smart, Mr Prodi, is gonna grow to make up a number million dollars So you know you: ve got a nest. That million dollars is going, create an income, and you ve got the visa income. Thank you for your service and you ve got a state pension coming and those three items that are there. They they are different ones coming. The feds ones coming from the state, and one is coming from your hard work, sweat and saving. And the one that you are the most control overs that last one way or the other two ok high, pathetic

It could get messed up on, not predicting they're gonna get messed up. Tennessee run very well, If you were in another state, I might be a bit more worried about the quality of your pension, but stage a run, well, some art with stated. business is done pretty well. We ve had several consecutive good governors in terms there the way conduct the yard, the business of the stage I think you're in the pensions and plant plenty good shape, I'm not worried about that. I'm not predicting the federal government in a cave and either so I think you're gonna get both of those but they're just an income and they die with you right Thank you so much. I thank you. Russia joining us open for that and you don't want do, can in that approach. Your brother was still hanging on the line. The thing you don't want to do is key

Only on those- yes, that is correct, because you don't have flexibility, the right and you don't have control, no control, no option seizure really good shape. They doing because he shaven like Romania, crazy. I mean really porn induce whirlwind gaze gather retirement NASDAQ, so he's gonna ingratiate headed in the right way. Alec is weathers, Alec is in principle Ah, how are you Alex. I'm going out, you know better than I deserve. What's up our view that arise oh my fiance, an eye or about you married, carrying. She is fresh out of college for nursing, agree that I'm gonna put us together a thousand five hundred dollars. You pull that to credit cards totalling thirty five hundred, and then to phone lines on my part to my car only in thousands of cars worth twenty five and total income for myself,

about forty. Two and obviously I know I'm not she's gonna make and so she on the job We are assuming its gonna, be between current decay and combined in terms of maybe eighty five J with Tony Blair Austerity budget. Really really really China writing in the event that they are good for you and it They know you know the best way to go about that and how fast we can assume demanded. There are very good Well, I mean, if you did thirty five a year. You be done in two years and you think thirty the year is attainable curly beings and rise, making eighty might involve some time. Furthermore, car to us I'd really consider that Alec. That's it that's a big big jumpstart, what you're doing a car

Fourth, you gotta get that cars gonna get can continue to go down and value, and right now we're seeing the highest. It's for used cars we ve ever seen. I would move on that. Can make some big big, big progress there. the ACT of Poland. I can't be real popular decision of us first thing out of your mouth. I wouldn't lead with. That is true too, but but, but I think you can do this, I think, is very doable what There was this I want to say thank you for serving their country, nor give your wedding gift. We're gonna, put you into financial peace University, which include it's one year, membership to Ramsay, plush that'll, get you signed up for it. We're gonna go two years, our gift. Are you guys through that class. Together

doing your premarital, counselling and that'll. That the two of you together will make really really good decisions, and the two of you together will decide to say how deeply you want to sacrifice. Therefore, how fast you want to get out. That's how the steel works very good. My girl, again thanks for service, can common good job bad Kelly and about good work. I am diagrams you, your host back with you before you know it in the meantime. Remember, there's ultimately only one way to financial peace and that's the one with the prince of these crises. Davy are we just launched a brand new listener survey? We want to know what you think about the Vienna win. One hundred dollar thank the survey rapidly solutions, jobs lie server or tax survey to thirty three. Seventy. If you're, looking for fun and practical ways to save money in your everyday life, you need to check out the Rachel crew show a pot guest from money expert, my daughter, Rachel crews, guidance rates are created and I'm so excited to tell you about. My party has a lot of you filing paintings pay check their end ass. You don't even know where it began that they have this, need this money to get control their tenants, bats use. You have come to the right starts. So neat emphasised during a time of inspiration and practical advice. Not subscribe to. The rates of crucial podcast makes rejected. I hear more from the Ramsay network, including the Rachel Crucial, wherever you listen to pod. Guess: hey, it's James,

serve the Rams issue. This episode is over the check.