Mailbag: Inheritance, Debt, College vs. Retirement & Downsizing (Ep 193)

Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com What should you do when extra money, competing priorities, or a major life transition creates a financial decision you weren’t expecting? In this mailbag episode, Lee answers listener questions covering several common situations that can affect families before and during retirement. The right answer often depends on much more than a single account or financial rule. Looking at each decision within the context of the bigger plan can help prevent an easy choice today from becoming a regret later. Here’s what we discuss in today’s show: 🏢 New Office: Lee shares an update on the new office and media room 🎓 Family Inheritance: Extra gifts can support college, retirement savings, or other family goals 💳 Managing Debt: Debt can be useful when the cost and overall strategy make sense 💵 Extra Cash: Bonuses can strengthen savings, investments, and future flexibility 🔄 401(k) Rollovers: Convenience isn’t always the best reason to combine retirement accounts 🎓 College vs. Retirement: Parents should be careful about sacrificing their own retirement 🏠 Downsizing: A smaller house doesn’t automatically mean a cheaper or better retirement option Meet with us: http://talkwithjlp.com 📚 Looking for more financial education? Check out 👉 http://myretirementclarity.com