You’ve been asking for this episode, and today I’m finally pulling back the curtain on my own financial plan.
Consider this a very special edition of Ask Farnoosh — except this time, you’re asking the questions about my money.
For roughly 15 years, much of my financial life was on cruise control: automate the investing, save for retirement, fund the kids’ accounts, maintain the emergency fund, repeat. But midlife has me asking a different set of questions. Am I still saving the right amount? Could I invest a little less and spend more on my life today? How much do we actually need for retirement? And, gulp…should I consider an annuity?
My financial planner Maggie Johndrow of Johndrow Wealth Management joins me to reveal what we discovered after putting my entire financial picture under the microscope — including where I may have been over-saving, why we’re rethinking my SEP IRA strategy, and how we’re balancing retirement security with enjoying life now.
Then Maggie’s colleague Colette Ward joins us for an annuities crash course: what they are, why their reputation has changed and when they may—or may not—make sense.
It’s my Midlife Money Checkup. And hopefully, it inspires yours.
Reach Maggie at maggien@johnddrowwealth.com
Reach Colette at colette@johnddrowwealth.com
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