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In a world where technology has placed instant gratification at our fingertips, it can be hard to make financial sacrifices when the reward might not be seen until several years in the future. Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards…
While it might be tempting to pass up on a 401(k) match during tight budget times or to take Social Security right when you turn 62, today’s conversation is a good reminder of the benefits that can come from practicing patience and financial discipline. Stay tuned as we talk about 4 key areas in financial planning where patience pays off!
Here are the questions we answer in this episode:
- Passing up a 401K match
- Saving only in tax-deferred accounts
- Claiming Social Security at age 62
- Skipping out on regular health check-ups and preventative care
Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here.