Emergency Fund, 401(k), Down Payment: Saving Too Much...or Not Enough?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 16 September 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

One listener writes in, "I have my HYSA, my 401(k) plus employer match, a Roth IRA, and now am saving for a down payment. I'm worried I'm lopsided and over-saved for retirement." But is she actually saving too much? Hear Katie's hot take. (Reminder: We are not licensed financial professionals, and this is not financial advice. Please do your own due diligence.) Rich Girl Roundup is Money with Katie's weekly segment where Katie and her Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/oversaving. Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Introducing Laseldisei by Issemyake, a tribute to today's masculinity that gives men the desire to live intensely,
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0:18.4	with a bold blend of woody and marine notes.
0:21.8	Awaken your senses.
0:23.0	Lusel Disei, the new fragrance for men.
0:27.0	Issemyaki.
0:29.0	Rich girl Bounda.
0:35.0	So I'm assuming at the earliest we're talking about,
0:38.0	so I'll assume this means her emergency firm match.
0:41.0	So I'm gonna assume that's, I don't know somewhere in the bonfire
0:43.9	A and so we'll assume that if the emergency fund... There's the money with Katie
0:49.8	deductive reasoning again. Let me set up all the pieces that are going to allow me to make the point that I want to make by filling in all the blanks that this person didn't kick me.
1:02.0	Welcome back, Rich Girls and Boys, to the Rich Girl Round Up weekly discussion of the Money
1:06.2	with Katie Show. I'm Katie Gaddy Tossan. And on Monday mornings, my executive producer
1:10.5	Hannah and I use this segment to talk through listener questions, interesting money stories,
1:15.6	in the news, and more casual financial topics.
1:19.5	Right after a quick break.
1:32.0	Summer is officially here and it's time to elevate those sunny days and breezy nights. So picture this, you're lounging by the pool,
1:36.0	soaking up the sun, sipping on a wildberry, or maybe even a lime, THC seltzer from ounce of hope.
1:44.4	This 5 milligram THC option delivers a light buzz with zero alcohol involved.
1:50.3	In other words, there is no hangover.
1:53.6	Sounds like a great option. If you're like me, you don't consume alcohol or if you are interested in an alcohol sober summer.
	...

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