Ep 15: Finding the Silver Lining in 4 Challenging Financial Situations

Not everything goes as planned when it comes to your financial life, but how will you respond to difficult situations? We’ll look at some negative circumstances that many retirees and pre-retirees face and help you find the silver lining.

 

Show Notes and Additional Resources: https://principalpreservationservices.com/finding-the-silver-lining-in-4-challenging-financial-situations/

 

On This Episode: 

1:19 – What’s happening around the office during the holiday season.

3:38 – Let’s talk about the difficult situations we sometimes face and how to find the silver lining.

4:01 – First situation: Your company forces you into an early retirement.

7:04 – Second situation: You find out your insurance premiums are going up.  

9:34 – Third situation: Your company is doing away with pensions.

11:54 – Fourth situation: Your company gets bought out and you have to get used to new management.

14:28 – Mailbag question: I’m selling one of my rental properties in a month or two and don’t plan to buy another one. What’s the best thing to do with the money from that sale?

17:25 – Mailbag question: Are there really no tax obligations to rolling over my 401k?