Why You Shouldn’t Drain Retirement Savings to Pay Off Debt 💸⚠️
Free Washington Retirement Planning Community and Courses: https://www.skool.com/washington-weal... In retirement, what you’ve saved is all you’re going to have, and that’s exactly why using big chunks of it to pay off debt can be risky. Once you stop working, you’re no longer adding money to those accounts. Instead, you’re relying on a mix of pension, Social Security, and withdrawals. Large early withdrawals shrink the money you may desperately need later for rising medical costs, long-term care, and unexpected expenses. If you spend too much too early just to clear debt, you may expose yourself to even bigger problems down the road, especially since every withdrawal from pretax accounts triggers a tax bill. Before pulling retirement funds for debt payoff, get a second opinion from someone who has helped hundreds of retirees. One wrong move can’t be undone once the money is out. #RetirementPlanning #WashingtonState #DebtInRetirement #LongTermCare #FinanceShorts #SmartRetirement ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🙋🏽♀️ Need help? Schedule A Meeting : https://calendly.com/scenicfinancial ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🎯Get TRS 3, PERS 3 & DCP Investment Advice Here: 💥💥 https://scenicfinancial.net/scenic-pl... The Only Place To Receive Ongoing, Personalized Investment Advice, So You Can Confidently Invest In Your TRS 3, PERS 3 & DCP Retirement Plans! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🕸 Visit Us Online: Scenicfinancial.com WATRSPERS.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER **Advisory Services offered through Intirety, LLC a registered investment adviser. Intirety LLC and Scenic Financial are not associated with the Washington State Department of Retirement in any way. Scenic Financial makes content available as a service to its clients and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️