Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards…
Here’s some of what we discuss in this episode:
2:32 – Passing up a 401k match
5:32 – Saving only in tax-deferred accounts
8:05 – Depleting emergency fund
10:37 – Cashing out retirement plan
13:24 – Delaying home maintenance
15:28 – Social Security at age 62
18:26 – Working with wrong advisor
For more, visit us online: http://philstaxhacks.com
Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts
Ep 15: Retirement Constants That Will Affect Everyone
Ep #14: How to Live a Retirement Without Regret
Ep #13: The Variables That Shape Your Retirement Plan
Ep #12: Preparing for Retirement During Your Final Decade of Work
Ep #11: What Can We Learn About Retirement from Flying?
Ep #10: Busting the Myths When It Comes To Your Retirement Plan
Ep #9: Excuses We Make for Sticking With the Wrong Financial Advisor
Ep #8: Financial Planning With a Sense of Urgency
Ep #7: Are You Prepared in Case These Retirement Portfolio Disasters Strikes?
Ep #6: Is “Fake News” Impacting Your Finances?
Ep #5: What Classic Proverbs Can Teach You About Money
Ep #4: Tips for Making Tough Financial Decisions
Ep #3: How Planning Your Summer Vacation Is Like Planning Your Retirement
Ep #2: Facing The Realities Of Retirement
Ep #1: Meet Phil Putney
Coming Soon - Phil's Tax Hacks (and other retirement facts)
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