Oct 04 2024 29 mins 13
In this week's Finance Friday host Stacy Johnson shares personal reflections and tackles key financial topics:
- Social Security: When to claim? Waiting until 70 maximizes benefits, but isn't right for everyone. Consider your health, job satisfaction, and financial needs.
- Stock market outlook: Currently overvalued, but timing the market is risky. Instead, invest regularly and buy more when prices dip.
- Retirement savings: The 4% withdrawal rule can work, but there's no one-size-fits-all answer. Save as much as possible and adjust based on your specific situation.
- Mortgage payoff vs. investing: With today's low rates, you may be better off investing extra cash than paying off a low-interest mortgage early.
Stacy also reminds listeners to stay informed and vote in upcoming elections, as political outcomes can significantly impact both health and wealth. As always, he emphasizes that while money doesn't buy happiness, it sure can be fun if you're already content. So build wealth, but don't forget to enjoy life along the way!
Watch now on Youtube: https://youtu.be/7UMHs7fs2L4
Join MoneyTalksNews' Retirement Facebook Group for more straight-talking financial advice from Stacy and the team. https://www.facebook.com/groups/moneytalksnewsretirement
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
