Should You Dip Into Your Emergency Fund?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 24 August 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When is it alright to dip into your retirement fund, and does that answer change as you get closer to retirement? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy.
0:02.9	Restoring order to your financial chaos.
0:05.9	Retirement.
0:06.8	Investing.
0:07.8	Taxing.
0:08.7	You've got financial questions.
0:10.4	He's got financial answers.
0:12.3	It's Brian Preston, the money guy.
0:15.5	All right, the first one comes from,
0:17.2	when life gives you lemons, that's the username.
0:20.0	She had to go, man.
0:21.7	She had to go, man.
0:22.9	Well done on the screen now.
0:24.9	You know most channels, you know, reward people for like,
0:28.6	tipping five to seven, ten bucks for Super Chat or whatever.
0:31.9	We reward you for how awesome your screen name is,
0:34.4	but keep going, Revy.
0:36.2	All right, the question is for retirees,
0:38.8	when should someone start dipping into that two-year emergency fund?
0:43.6	And when should the retirees start rebuilding that fund?
0:47.9	Any thoughts?
0:48.9	This is a great one, Brian, and I've actually had a lot of clients at,
	...

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