Episode Details
Back to Episodes
172 - What Should I Do When I I Receive a Significant Bump in Income?
Published 3 years, 8 months ago
Description
Scott and James discuss what to do when you receive a significant bump in income.
Listener Question:
I would like to do the more in-depth analysis you mentioned on today’s podcast if you are willing. We hope to retire in the next 5 years, at age 55/56. I am eligible to begin receiving a pension after this year, but plan to "double-dip" for the next 4-5. I have questions about 403(b) and 457 accounts, rollovers, and distributions.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
2:30 - We're on YouTube HERE!
4:15 - Income Basics
10:02 - Income Raises & Planning Changes
17:38 - How Much To Save For Different Goals
20:32 - Aligning Your Financial Goals
LET'S CONNECT!
James
Scott
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.