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Podcast: The Financial Quarterback®: Your Game Plan to Protect Your Money and Retirement for Business and Investing
Episode: Dissecting the Realities of Smart Spending and Saving Traps
Description: Airdate: 10/08/2023Josh kicks off the episode by presenting the Q1 2023 average IRA and 401k balances, illustrating a notable gap in retirement savings across the board. He advocates for a 15% income saving strategy, providing listeners with a tangible target for their retirement planning. The discussion then pivots to the importance of understanding and managing risk in investments, with a focus on balancing risk tolerance and capacity. Josh shares the top CD rates for 2023, offering insights into current investment opportunities. The latter part of the episode delves into smart spending habits, where Josh explores the potential downsides of bulk...