Recession Anxiety, and Retirement Savings vs. Mortgage Payoff

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 10 April 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A recession is imminent. Or, maybe it isn’t? News stories about looming recession can feel incessant, only for the economic turmoil to never materialize. To start off this episode, Sean and Sara talk about how to cut through the noise and focus on improving your financial life. Then Sean and Sara talk with a listener, Lauren, who’s deciding whether to pull back from her retirement savings to pay down her mortgage faster. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Timestamps: This Week in Your Money segment: 0:00 - 8:39 Money Question segment: 8:40 - 30:52 Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing.
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:29.8	The specter of a looming recession feels like it's been haunting our economy for ages.
0:35.0	And I got to tell you, Sarah, I'm about ready to call Ghostbusters.
0:38.5	Yeah, seriously. We've been hearing about an imminent recession for what, like over a year now.
0:43.1	Yep.
1:00.7	This episode, we will help our listeners cut through the noise and focus on what really matters.
1:07.9	Welcome to the Nerd Wallet Smart Money Podcast, where you send us your money questions, and we answer them with the help of our genius nerds.
1:09.0	I'm Sarah Rathner.
1:10.2	And I'm Sean Piles.
1:12.7	And I've got a question for our listeners.
1:18.7	What are your money questions? What's that financial decision, big or small, that you just need some help answering? Let us know. Yeah, maybe you're wondering if now's finally a good time to
1:23.7	buy that new home appliance. Or what's a reasonable amount to spend on vacation with your
1:28.2	friends? Whatever your question, leave us a voicemail or text us on the nerd hotline at 901
	...

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