Today’s topic comes from a question from Janice, who was recently laid off at 53 and is considering a career change into real estate. But to make it work, she may need to tap into her IRA to make ends meet. Could this put her long-term financial security at risk?
Tune in to hear what Frank has to say from a financial advisor’s perspective. We’re breaking down the pros, cons, and alternative ways to fund a midlife career pivot without tapping into your retirement.
Here’s what we discuss in this episode:
0:00 – Intro
1:28 – Initial reactions and risks
4:25 – Alternatives to using retirement savings
5:44 – Exploring other paths
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