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After 14-Year Marriage Ends With $1.1M Check And $180K A Year, 'Ramsey Show' Host Tells 40-Year-Old Mom, 'You Don't Have To Work' [Yahoo! Finance]
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Susan, a 40-year-old from Dallas, told "The Ramsey Show," her 14-year marriage ended with a sizable financial settlement. She asked hosts Ken Coleman and Jade Warshaw whether she needed a significant job or could live partly on the settlement income. A Crash Course In Money After Divorce Susan said she was a stay-at-home mother to two children, ages 14 and 11, throughout the marriage and did not handle household finances. Don't Miss: Think Your ‘Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers — Here's What to Add Now Caught With Nothing Saved for Retirement? These 5 Game-Changing Tips Could Still Save You After the divorce, she began learning about investing and opened a Roth IRA to understand how to manage the money. "You're going to want to understand it," Warshaw said. Susan said she keeps about $95,000 in a high-yield savings account and placed the $1.1 million settlement check in a money market account while she decides what to do with it. The ag
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