A federal employee with a $161,000 salary asks how to consider pension in their retirement plan, how much to save for traveling and comfortable living post retirement, and how to check if they're on track to save enough with their current contribution plan. They have $100,000 and $70,000 in their retirement accounts respectively, and file separately due to student loans. They plan to contribute to a SEP IRA and start Roth contributions in two years.
#440: An anonymous caller wants to retire and travel in 20 to 30 years. How does she know if she’s saving enough?
Trace plans to take a mini-retirement next year. Where should she keep her savings until then?
Samantha and her partner have lived out of their truck for 20 years. They sorta-kinda feel ready to buy a house and settle down. But they’re hesitating. What if they hate it?
“Barbara,” an anonymous caller from Episode 422, is struggling with a scarcity mindset. How does she stop worrying about the future and build the confidence to enjoy life now?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode440
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