This week, we're returning to our "Quick Dip" format, where we explore three timely topics, giving you the need-to-know without the fluff.
First up, is cord-cutting still worth it? Julien shares his long history of cord-cutting, which began long before he met Kiersten, and she shares her own journey to embracing a cable-less lifestyle. We discuss the pros and cons of traditional cable versus streaming, and how the streaming wars have made cord-cutting more complex than ever. But, ultimately, we agree that cord cutting can still be a smart move, especially if you can resist the urge to buy into all the bells and whistles.
Next, we discuss the recent 2.5% Social Security cost-of-living adjustment (COLA) and how it might not be enough for seniors to keep up with rising costs, especially in healthcare. It’s a reminder that Social Security is often overlooked as a critical part of personal finance and more of us should be having better conversations about money with loved ones who rely on it.
Finally, we check in on the stock market. We break down the current state of the market, talk about the importance of diversification, having an exit strategy, and getting caught up in the hype.
This episode is packed with actionable tips and insights that can help you handle your next financial decisions with confidence.
Links:
- 2024 Medicare Quick Reference Guide (via Nuveen)
- Mark Cuban’s drug company: https://costplusdrugs.com/
- Episode 92: Medical Tourism
- Episode 105: Planning for your retirement
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