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Content provided by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP®. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP® or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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10 Sources of Emergency Cash, Ranked From Best to Worst

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Manage episode 484910282 series 1232333
Content provided by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP®. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP® or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What happens when your emergency cash runs dry—and life keeps happening?

A recent article lays out a ranked list of ten ways to access emergency cash, starting with the best options and ending with the ones you’ll want to avoid unless it’s truly a last resort:

  1. Emergency Fund / Short-Term Securities
  2. Low-Risk Assets in Taxable Accounts
  3. Roth IRA Contributions
  4. Life Insurance Cash Values
  5. 401(k) Loan
  6. Home Equity Line of Credit (HELOC)
  7. Hardship Withdrawals from 401(k)
  8. Reverse Mortgage
  9. Margin Loans
  10. Credit Cards

The takeaway?

Know your emergency funding hierarchy before a crisis hits. With a plan in place, you’ll be better equipped to make calm, informed decisions when life throws you a curveball.

Resource:

Connect with Benjamin Brandt

Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart

  continue reading

387 episodes

Artwork
iconShare
 
Manage episode 484910282 series 1232333
Content provided by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP®. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Benjamin Brandt CFP®, RICP® and Benjamin Brandt CFP® or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What happens when your emergency cash runs dry—and life keeps happening?

A recent article lays out a ranked list of ten ways to access emergency cash, starting with the best options and ending with the ones you’ll want to avoid unless it’s truly a last resort:

  1. Emergency Fund / Short-Term Securities
  2. Low-Risk Assets in Taxable Accounts
  3. Roth IRA Contributions
  4. Life Insurance Cash Values
  5. 401(k) Loan
  6. Home Equity Line of Credit (HELOC)
  7. Hardship Withdrawals from 401(k)
  8. Reverse Mortgage
  9. Margin Loans
  10. Credit Cards

The takeaway?

Know your emergency funding hierarchy before a crisis hits. With a plan in place, you’ll be better equipped to make calm, informed decisions when life throws you a curveball.

Resource:

Connect with Benjamin Brandt

Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart

  continue reading

387 episodes

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