Mailbag: Do We Need So Much Money in Cash?

When you retire, your income changes but so do your options. One listener is wondering how to convince his wife that they don’t need to put so much money in the bank and can enjoy it a bit, too.

Eric explains where things like your emergency fund can come and how couples usually think about savings. He also answers two other questions from the mailbag regarding retirement.

Here are the questions Eric answers today:

• Mailbag: How can I convince my wife we don’t need as much in cash? (0:47)
• Mailbag: Why do I have to pay money back to Social Security? (6:01)
• Mailbag: Do I have to work until I’m 59 and a half or can I retire? (8:02)

 

Get in touch with the Peterson Financial team: https://petersonfg.com/