What's the Best Way to Fund a Remodel During Retirement?

15/08/2023 32 min Episodio 176
What's the Best Way to Fund a Remodel During Retirement?

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Episode Synopsis

If you’re retired, you can’t wait around for the next bonus or stock to vest when you have a large expense. When you’re on a fixed income it’s more important than ever to find the best way to pull funds for large expenses. In today’s episode, James explains how to find the best way to pay for large expenses in retirement while answering a listener’s question.Questions Answered: Should you use IRAs (or other assets), cash, or finance to pay for large expenses with today’s high-interest rates?What considerations should you take into account when planning for a big expense in retirement?Timestamps:0:00 Intro3:48 Cashflow 8:46 Taxes10:52 Timing13:14 Example20:58 Investment27:04 Legacy30:32 OutroCreate Your Custom Strategy ⬇️ Get Started Here.Join the new Root Collective HERE!

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