Maybe you’ve considered an investment property or just really like the idea of a vacation home, but can’t afford it on your own. Is it worth buying real estate with your friends? Or will you regret that later on?
When people come into large sums of money quickly or early in life, be it from a new job or inheritance, it can take some time to understand how to best use those funds. Are you setting aside enough for later?
Remember the movie Perfect Storm featuring George Clooney? What if a few major events came together in the financial world to create the same situation for our economy? It’s not a far-fetched scenario for some people so we’ll discuss the reality of the situation on this episode.
When plugging in the numbers for what you need in retirement, one thing that is often overlooked is inflation. Is it part of your financial plan? Because like it or not, inflation will happen.
People are living longer these days, so how does that factor into your retirement plan? Not only should you consider how to live healthily and happily, but think about how you will financially sustain your lifestyle into yours 90s—or even past 100!
