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Steps to Take if You’re 5 to 10 Years From Retirement
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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.
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.
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