Should You Buy a New or a Used Car?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 4 October 2021
⏱️ 22 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:07.0 | investing, taxing. |
| 0:09.0 | You've got financial questions. |
| 0:10.6 | He's got financial answers. |
| 0:12.6 | It's Brian Preston, the money guy. |
| 0:16.6 | Here's a Facebook question, Brian. |
| 0:18.6 | This is from Reena. |
| 0:20.8 | So Reena said, what's the goal of investing for someone who has a pension or is 25% still |
| 0:27.8 | the number? |
| 0:28.8 | This all the time, hey, okay, guys, I hear you talk about 25% and I hear it, I hear it. |
| 0:33.4 | But I, I'm one of that rare few that has a pension. |
| 0:37.6 | How should that change or reframe my thinking? |
| 0:40.1 | Yeah. |
| 0:41.1 | I mean, if you have it, it doesn't change a ton. |
| 0:42.6 | I mean, because I think pensions are powerful for your retirement and the fact that twofold, |
| 0:47.2 | if you, you know, a lot of times you might have the chance to roll it over and they're going |
| 0:52.0 | to tell you what your value of that account is. |
| 0:55.8 | But for true pensions that get a new attized, you're going to be able to take whatever that |
| 0:59.6 | amount is and look, compare it to your living expenses at retirement, reduce it by the |
| 1:05.2 | pension. |
| 1:06.2 | And then whatever the difference is, that's what you need from your other assets to for |
| 1:11.8 | retirement and financial independence. |
... |
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