The chapter discusses the importance of segregating big expenses in retirement into expected and unexpected categories and setting aside specific funds for each to be financially prepared. It emphasizes the benefits of separating regular bills from larger expenses like purchasing an RV or a second home to save a larger portion of income consistently. The chapter concludes by promoting financial literacy, encouraging listeners to ask questions, subscribe to the newsletter, share the episode, and connect on social media for more content.
#512: An anonymous caller who received a large inheritance feels paralyzed by all the investment philosophies he’s read about. How does he pick a winning strategy he can stick with?
Josh is an expectant dad looking to buy a bigger house but doesn’t know how much everything will cost. Should he save more or invest more?
Another anonymous caller worries that large expenditures like buying a new car or replacing her home’s roof will blow up her budget in retirement. How does she plan for unexpected expenses?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode512
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