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 152: Can’t Get No Satisfaction… Or Can You?
Ep 151: How Money Ads Get Your Attention
Ep 150: Getting Your Financial Decisions Right the First Time
Ep 149: How Procrastination Dooms Your Financial Future
Ep 148: Going Against the Grain
Ep 147: A Deep Dive Into RMDs (Part 2)
Ep 146: A Deep Dive Into RMDs (Part 1)
Ep 145: A Tough Conversation – Retirement and Divorce
Ep 144: Retirement Pop Quiz – Can You Get an A+?
Ep 143: Mailbag - Rates of Return, TSP Investments, and More
Ep 142: Surviving a Bear Market - What Do the Experts Say?
Ep 141: The Enhance Your Retirement Now Act
Ep 140: Investor Beware: Advisor Red Flags
Ep 139: Are You a Risk Taker? Evaluating Your Risk Tolerance Level
Ep 138: Top 10 Financial Debates - Part 2
Ep 137: Top 10 Financial Debates – Part 1
Ep 136: Are These Retirement Statistics Encouraging or Discouraging?
Ep 135: The Secret to Retirement Success
Ep 134: Countdown to Retirement
Ep 133: Can I Retire at 55?
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