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The mailbag is open! In this episode, Lee tackles real-world listener questions that hit on some of the most common dilemmas retirees face. First up: should you buy that RV with debt, or withdraw from your IRA and take the tax hit? Then, how do you know if a life insurance “investment” pitch is a smart opportunity or just a sales tactic to avoid?
Next, Lee addresses a common concern: what should you do with a large 401(k) balance when you don’t fully understand investing? He explains why saving is great, but strategy is essential. He also breaks down when it makes sense to use a Roth 401(k) option at work. From there, the focus shifts to retirement psychology: what if you’re afraid of running out of money? Do you need to cut back or go back to work? Lee explains why neither is ideal and what to do instead. Finally, we hear from a listener who received a surprise inheritance and wants to know how to navigate IRAs, stocks, and property the right way.
Here’s what we discuss in today’s show:
🚐 RV dilemmas – buy with debt or tap your IRA?
🛡️ Life insurance sales – smart questions to ask before saying yes
📊 401(k) reality check – saving isn’t enough without a strategy
🔄 Roth 401(k) choices – when shifting contributions makes sense
💸 Running out of money – how to calm the fear of going back to work
🏡 Getting a surprise inheritance – how to manage it wisely
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