Saving With Silverman

Mailbag: Paying for a Car, Saving Smarter, & the $1 Million Myth


Listen Later

Want to get in touch with Mark? šŸ‘‰ https://silverman-associates.com/home

Ā 

In today’s mailbag, Mark answers three real listener questions. First, when it’s time to replace a car, is it smarter to use your emergency fund, pull from an IRA, or finance with a monthly payment? Next, a recent college grad asks how much she should realistically save each month toward retirement, a home, and future travel. Finally, a listener approaching retirement wonders if having less than a million dollars saved is enough to live comfortably.

Here’s what we discuss in today’s show:

šŸš— Weighing options for buying a car in retirement

šŸ’° Why emergency funds should always be replenished

šŸ“ˆ Starting small and increasing savings over time

🧮 Why ā€œa million dollarsā€ isn’t a magic retirement number

šŸ› ļø How a financial plan adapts to your unique life

Ā 

Want to get in touch with Mark?Ā 

Web:

https://silverman-associates.com/home

Email:

Phone:

520.512.8832

...more
View all episodesView all episodes
Download on the App Store

Saving With SilvermanBy Mark Silverman

  • 5
  • 5
  • 5
  • 5
  • 5

5

4 ratings