New Money New Problems Podcast

Preparing Your Finances For A Possible Doomsday


Listen Later

In this week's episode, we delve into strategies for preparing your finances against potential job loss, economic downturn, or financial emergencies. 

The episode emphasizes the importance of establishing emergency reserves, describing optimal savings amounts based on different household scenarios and employment stability. 

It also explores tools and tactics for repositioning debts, utilizing flexible employee benefits, and diversifying investments, especially for those with company stock or equity compensation. 

Practical advice includes adjusting retirement contributions and withholdings to better balance financial preparedness. The episode also references an article featuring the host's insights on the significance of emergency savings for retirement planning. 

Check out the MarketWatch article where Brenton was interviewed!


02:37 Understanding Emergency Reserves
05:22 Layering Your Savings
09:13 Repositioning Debts for Stability
13:50 Managing Equity Compensation
15:28 Optimizing Employee Benefits
16:57 Retirement Accounts and Emergency Planning

Support the show

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

New Money New Problems PodcastBy NewMoneyNewProblems.com | New Money Solutions for New Money Problems

  • 5
  • 5
  • 5
  • 5
  • 5

5

42 ratings


More shows like New Money New Problems Podcast

View all
Planet Money by NPR

Planet Money

30,687 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,741 Listeners

The Daily by The New York Times

The Daily

112,946 Listeners

Up First from NPR by NPR

Up First from NPR

56,549 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,972 Listeners

IMO with Michelle Obama and Craig Robinson by Higher Ground

IMO with Michelle Obama and Craig Robinson

12,700 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,404 Listeners