Rich Habits Podcast

Q&A: Money Fights w/ My Spouse, UTMA Accounts, & Switching Careers at 63

6 snips
Dec 4, 2025
This discussion tackles navigating money disagreements with your partner, emphasizing open communication and shared investment goals. They explore whether to finance or pay cash for a used car, considering seasonal deals and interest rates. The hosts dissect the best accounts for children's wealth-building, comparing options like UTMA and 529 plans. They also reflect on career changes at 63, suggesting a focus on happiness and upskilling. Plus, a deep dive into rolling over retirement accounts for optimal investment strategies.
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ADVICE

Buy If Year-End Deal Beats Interest

  • Weigh year-end car deals against interest costs before financing a used car this December.
  • If the discount outweighs a few months of interest, start shopping and consider short-term financing.
ADVICE

Make It A ‘Me’ Conversation

  • Use vulnerability: frame saving as a personal fear and invite your spouse to support your plan.
  • Show projected numbers and the 4% rule to make long-term goals concrete.
INSIGHT

Money Fights Start With Miscommunication

  • Money fights often stem from poor communication about desires and priorities.
  • Aligning expectations early reduces relationship turbulence tied to finances.
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