52 • RUBY, WILDING & SWANSBURG It’s important to understand the different options for your retirement funds—I’ll show you why. Your Hidden Debt Yh oo sut’ ,v eT Vp r os tbaarb, l ay nhde aprodpoufl aDra vpeu Rr vaemy os er y o. Hf ef i’ ns aanncai ault haodrv, ircaed. iIof ypoieuc’eveofeavdervilciest:eGneetdotuot ohfisdsehbot!w, you know his most famous Ramsey encourages Americans to pay off their credit card debt, car loans, medical bills—even their mortgages. In general, it’s good advice. Americans could use a lot less debt B . ut, I’m alarmed Ramsey overlooks one of the biggest debts nearly every American carries. I call this your "hidden debt," since so few of us realize we haveAint.d what is your hidden debt? TY ohue fmu at uyrheatvaex epsayi do uo fof wy oeuirn my oour trgqaugael. iSf iteuddaecnctol ouannt .s m a y bo fef dyeocuard cerseidni ty coaurrdpba isl tl . eYaocuh mmaoynftuhl. l yB uo tw, ni f yyoouur’ vcea rs aavnedd pf aoyr raeretirement in a tax-deferred vehicle like a 401(k) or IRA, you not HI he ar dev e ’ e s b a a t- p f f r r e e i r e e f n . e d c ,t Nexicakm. pNliec.k has been saving in an IRA for ytoeaprlsa,nainndconmowe ftohrathrimetsireelfmaenndt hisisown itfhee. horizon, he’s starting He’s done a good job of saving and has around $850,000 smauv cehd iinnc oamn eI RhAe. cAo uf el dwg ye enaerrsa taegao ,yNe ai crkf rwo ma n ht ei sd ItRoAs. eBeu th, ohwe was looking at the wrong number.
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