Imagine being well over half-way to retirement, but not being sure if you’ve been saving enough. You are an on-call archaeologist working part-time and your husband is a high-school teacher, together you bring in $93,000 a year. Your five-year-old daughter will start kindergarten soon and your daycare costs will be added back into your budget with an extra $750 a month. With many future financial obligations already spoken for (college tuition, paying off your mortgage) coupled with some career uncertainty, you need a plan for the unexpected.
How do you prioritize saving for the future while funding the what-if?
This is April’s question.