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Rich Habits Podcast
71: The #1 Cause of Bankruptcy in the USA
Jul 1, 2024
Robert Croak and Austin Hankwitz discuss aging parents, personal traumas, and the #1 cause of bankruptcy in the USA on the Rich Habits Podcast. Topics include long-term care insurance, personalized financial planning, maximizing 401k contributions, retirement strategies, and supplementing income for a comfortable retirement.
44:03
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Quick takeaways
- Consistent contributions to growth-oriented investments can maximize retirement savings potential for long-term financial security.
- Identifying and rectifying financial weaknesses, prioritizing debt payment, and exploring investment opportunities are crucial for securing a comfortable retirement.
Deep dives
Rethinking Retirement Investments
Consider investing in growth-oriented stock mutual funds or ETFs for your Roth IRA to maximize growth potential given your long investment horizon. Focus on consistent contributions, side hustles, and efficient financial planning to boost your retirement savings.
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highlights
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