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Money Guy Show
"I Inherited $100K - What Should I Do?"
Nov 6, 2023
The podcast discusses topics such as handling a $100,000 inheritance, maximizing Roth dollars, using whole life insurance for long-term care expenses, and increasing savings and investment rates.
37:52
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Quick takeaways
- Taking advantage of an employer match of 100% up to 10% of income is a unique opportunity to significantly increase savings.
- When deciding to buy a home, it's crucial to consider personal goals, current circumstances, local housing market, and timing considerations.
Deep dives
Importance of Taking Advantage of Employer Match
Taking advantage of an employer match of 100% up to 10% of income is a unique opportunity that can significantly increase savings. It shows the employer's willingness to invest in employees' future success. In this case, Jordan's employer offers a remarkable 10% match on a 10% contribution, which is highly generous. By seizing this opportunity, Jordan is effectively saving 20% of their income.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode