Mailbag: Buying a Car, Saving in Your 20s & Retiring with $500K

Should you use your emergency fund, dip into your IRA, or just finance a new car in retirement? How can someone fresh out of college start saving for the future without putting life on hold? And is $500,000 really enough to retire comfortably at 65? In this listener mailbag episode, Eric dives into three real-world questions that highlight the complexity and nuance of personal financial planning. 

 

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

🚗 Considerations for funding a new car in retirement

🎓 Saving tips for young workers balancing life and the future

💰 The myth of the $1 million retirement target

 

Get in touch with the Peterson Financial team: https://petersonfg.com/