248. Megan "Rebuilding Finances After Illness and Supporting Family Members in Retirement"

Future Rich with Barbara Ginty, CFP®

Happy Friday! In today's episode, CFP Barbara Ginty interviews the lovely Megan who opens up about her experience of unexpectedly getting sick in 2021 and the financial challenges she faced as a result, including depleting her savings.

Fast forward to 2024, Megan and her husband now have a combined income of around $8,100 per month, $85,000 in savings and $100,000 in an inherited IRA.

Barb provides Megan with insight regarding her inheritance and retirement planning. They discuss...

• The tax implications of inherited IRAs
• Distribution strategies
• Emergency funds
• Supporting Megan's mother in retirement.
• ... and more!

Would YOU like to be an anonymous guest on the podcast? We welcome guests in any financial situation! Apply here!

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The content in this podcast is for informational purposes only. All investment strategies and investments involve risk of loss. Nothing contained in this podcast should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

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