Equipping Points:

Do you have all of your money in one place? Sometimes your money should be kept in separate funds and separate places so that it can be used for the appropriate purposes. You want to be able to access the money you have when you need it, both now and in the future.

Think through and stress-test your financial plan. When does your money need to be liquid? When do you benefit from protection from taxes in long-term investments? Are your emotions getting in the way of your investment decisions?

On today’s show we talk about a few categories that can sometimes get combined and whether they should be together or separate.

Here’s what you’ll learn more about:

• Don’t have your emergency fund with your stock market money. (1:03)
• Investments and life insurance can get blurred. (3:31)
• High turnover investment strategies vs. non-retirement assets strategies. (5:32)
• Emotions should be separate from investment decisions. (7:10)

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:

SECURE Act 2.0 – What Retirees Need to Know

Good Intentions and Financial Advice

Mailbag: Do I Need To Budget For Retirement?