We review two listener case studies, share their financial situations and backgrounds, and answer their questions about how to move forward with their finances.
Andrew joins this week’s podcast as we talk about:
- If you should renew a term life insurance policy in your 70s
- The importance of accessing your 401K and other retirement accounts and understating what you’re invested in
- Whether or not you should pay for your house
- What to do if you feel behind on your finances
- Running a retirement calculator to see when you could potentially retire
- Investing in a HYSA vs. stocks when you’re in your 70s
- What to do if you’re too cash-heavy
- How to get started with a 529 plan
- The tradeoff of buying a larger home or retiring earlier
- High-yield savings accounts, maxing out your 401Ks, and more!
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/087-case-studies-where-to-focus-when-youre-feeling-investing-life-insurance-and-paying-off-your-mortgage-in-your-70s/
Inside Out Money