Retirement Starts Today Radio

Are You Saving Too Much Money, Ep #229

Informações:

Sinopsis

Is saving for the future preventing you from enjoying your present life? This may be an unpopular opinion for a financial podcast, but it is important to ask difficult questions to experience growth. If over-saving is preventing you from enjoying your present life, then you need to make changes.  On this episode of Retirement Starts Today, we’ll examine an article by Darius Foroux that asks, Are You Saving Too Much Money? After the retirement headlines segment, I’ll answer a question from CJ about using a donor-advised fund to offset the last year of high income before retirement. Get ready to ask challenge yourself and explore your financial decisions as you press play.  Outline of This Episode [1:42] Saving too much money for your future could prevent you from enjoying your present life [4:32] How to know when you’re saving too much? [6:53] Does it make sense to create a donor-advised fund to get a tax deduction? [10:22] What other deductions could you take advantage of? Saving too much for the future cou