Equipping Points:
When is the perfect time to retire? One question from the mailbag asks whether retiring now or in two years will make a big difference. Eric explains what you’ll need to consider and what differences you might encounter from a work and lifestyle standpoint. Then, he answers Nancy’s question on how important it is to have a financial advisor in retirement.
Finally, as we near tax season, there’s a big question Larry asks on how to help his daughter with a down payment on a home and how that impacts his taxes in the future. While it won’t change this year’s taxes, it does matter for down the line. There are ways to strategically gift money to someone, and Eric outlines some of the possibilities.
Here’s some of what we discuss in this episode:
- Mailbag: I’d like to retire soon, but how big of a difference will it make now or in two years?
- Mailbag: How important is it to have a financial advisor?
- Mailbag: How can I gift my daughter $50,000 for a down payment?
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.
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