“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” – Eleanor Roosevelt… Ever wish you could foresee financial missteps before they happen? In today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you.
Listen in as we discuss the drawbacks of early IRA withdrawals and how important it is to keep lifestyle creep in check in your peak earning years. We’ll also chat about the potential impact of overspending on tuition for your children, the risks that come with retiring early without proper planning, and more.
Here’s some of what we discuss in this episode:
0:00 – Intro
4:25 – Premature IRA withdrawals
7:34 – Lifestyle creep
10:24 – Assisting your children
13:29 – Retiring too early
18:06 – Roth IRAs
21:50 – Favorite winter activity
25:53 – Listener question about whole life insurance policy
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