Thursday Apr 25, 2024

Steps to Take if You’re 5 to 10 Years From Retirement

This week on the Smart Money Questions podcast, Matt Hausman tackles the big question: Will you be okay after retirement? With a blend of financial expertise and real-life examples, we’ll share a Wall Street Journal article outlining the financial mistakes to avoid as you get within five or ten years of retirement.

 

Here’s some of what we discuss in this episode:

  • You always want to have cash on hand because unexpected expenses can pop up at any time.
  • Maximize your retirement contributions to what your budget allows.
  • Understand your Social Security options, especially if you are married.
  • There’s good debt and bad debt, but don’t take on unnecessary debt.
  • You shouldn’t be investing your money as if you’re 25 or 30.
  • Pay attention to what you’re spending on children and grandchildren.

 

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