Equipping Points:
Sometimes you get good news and bad news at the same time. Which one will outweigh the other? In this episode, we talk through a number of financial scenarios that can bring a bit of both good and bad. More times than not, you are better off than you expected but you won’t know until you ask a professional.
How many of these situations are more bad than good? Eric weighs in on what to keep in mind when facing these financial situations and decisions. Which of these have a silver lining and which ones are better avoided altogether?
Here’s some of the good/bad news we’ll discuss on today’s show:
- You have a lot of debt, but you have some tax-deductible interest. [spp-timestamp time=”2:05″]
- Mutual funds haven’t performed well…but the fees are low. [spp-timestamp time=”4:18″]
- Not enough money to pay for long-term care, but Medicaid can step in. [spp-timestamp time=”6:32″]
- Lost a lot of your portfolio, but it will come back, eventually. [spp-timestamp time=”8:44″]
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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