Equipping Points:
Should you use your emergency fund, dip into your IRA, or just finance a new car in retirement? How can someone fresh out of college start saving for the future without putting life on hold? And is $500,000 really enough to retire comfortably at 65?
In this listener mailbag episode, Eric dives into three real-world questions that highlight the complexity and nuance of personal financial planning. From balancing short-term needs with long-term tax consequences to building savings while still enjoying life, this conversation is a reminder that personal finance is rarely black and white. Come see what you can learn from money decisions listeners are facing every day!
Here’s some of what we discuss in this episode:
🚗 Considerations for funding a new car in retirement
🎓 Saving tips for young workers balancing life and the future
💰 The myth of the $1 million retirement target
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:
Related Episodes:
Spending With Confidence in Retirement
The Stress That Comes With Retirement
Retirement Planning Today Is Harder Than It Used To Be
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