You have no debt other than an extremely reasonable mortgage. It doesn't sound as though you have any dependence or anyone who's relying on you for their cost of living. And it seems as though you are well versed enough in personal finance to have an educated and experienced degree of risk tolerance. That said, i think moving at least one and a half to two years worth of expenses into cash or cash equivalents before you fully retire could help soften sequence of returns risk.
#376: Meghan’s mom is 64 years old and suffering under a toxic boss. It’s tough to switch jobs at her age. How should she think through the next steps?
Ellen has a 20-year-old son with physical and developmental disabilities. Her other child, age 21, will need to look after him for the rest of their lives. How should she handle their inheritance?
Joe wants to start working part-time in four years, and fully retire four years after that. He worries he’s investing too aggressively for his retirement date.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough situations.
Enjoy!
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at https://affordanything.com/voicemail and we’ll answer them in a future episode.
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For more information, visit the show notes at https://affordanything.com/episode376
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