Today’s Smart Money Question:
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.
From managing cash reserves to understanding Social Security, this episode covers some of the most important areas of planning that will help you take the steps to secure your financial future. Learn why it’s never too early (or too late) to start planning, and how to make informed decisions that will impact your golden years.
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.
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.
