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This week on the Pete the Planner Show, we’re exploring three main topics: Can an emailer retire, whether or not you should be bothered by your advisor’s sports gambling, and how you can avoid the impending tax refund delay. Oh, and Pete may have been over-caffeinated.
Here’s a preview of what happened and when:
Emailer asks questions, saves words for himself
Hi. We’re 55. 4.6m net worth, 1m of which is in our home. 2 private colleges funded
0 debt. 120k a year all in spending and we can easily cut back
Estimate 5k a month SS in 12 years or more waiting to 70.5.
Can we retire? P.S. 60/40 portfolio. 6% rebalancing bands.
Pete and Dame debate the relevance of a financial advisor’s sports gambling
- As it turns out, it bothers both Pete and Dame. But they admit they’re likely way over-sensitive to this topic.
- Gambling and investing are not the same, but sometimes people approach investing like they approach gambling, which is where things start to go horribly wrong.
The IRS is incredibly understaffed, which means tax refunds could be severely delayed this year
In the first 6 months of 2021, 15,000 IRS employees tried to handle 240 million calls. Yeah, that didn’t work.
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.