Dive into the art of haggling with cultural insights and personal anecdotes, perfect for navigating those cruise markets. Explore whether to invest your Health Savings Account dollars and the financial implications of doing so. Discover the role of cash value life insurance in your portfolio, and learn how to assess if you're on track for retirement savings. Get practical tips on managing finances while traveling, all while enjoying a delightful discussion over a Pecan Pie Porter.
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HSA Investing
Invest HSA dollars if you have a long time horizon and can cover medical expenses out of pocket.
Track and keep medical receipts for reimbursements, even years later.
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Life Insurance Choice
Prioritize term life insurance over whole life insurance for its affordability and alignment with typical needs.
Whole life policies are usually much more expensive and suitable for specific high-income individuals.
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Retirement Investment Strategy
Evaluate your retirement savings, pensions, and expenses to determine if you can reduce investment contributions.
Consider future spending changes, like increased travel, and don't delay enjoying your wealth.
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Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
1 - I feel awkward about haggling with locals while on an expensive cruise- help!
2 - Should I really invest my HSA dollars? I’ve heard that the fees make it prohibitively expensive.
3 - My friend says that what my portfolio is missing is cash value life insurance. True or false?
4 - How do I know if I’ve saved enough for retirement and can slow down my investments?
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