Retirement, budgets and the credit card snowball
EPISODE SUMMARY
In our first episode, Alex, Ed, and Jag discuss how much you need to save for retirement, as well as the need for diversification. Alex and Ed also discuss the advantages and disadvantages of Roth retirement accounts, the need for budgets, and credit card debt.
EPISODE NOTES
Alex, Ed, and Jag discuss the factors that go into retirement planning - how much you'll need to save, and diversification.
Next, the guys get into Roth retirement accounts, explaining why they are a good idea for some people but not for everyone.
What about budgets? Are they really necessary? That depends on your personality and spending habits.
Finally, a discussion on credit card debt. Did you know that if you don't pay the full balance every month, you'll pay interest instantly on new purchases?
This is how credit card debt can "snowball" out of control. The good news? You can create a "snowball effect" of your own to pay off multiple cards efficiently. Alex and Ed explain how.
RESOURCES
Email Alex: ACabot@birchrunfinancial.com
Email Ed: ELambert@birchrunfinancial.com
Call Alex and Ed: 484-395-2190
