The Real Cost of a Vacation Home
What if instead of buying that vacation home, you invested the money?
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During the COVID-19 pandemic, millions of people have learned to do more with less. Whether you’ve had to bounce back from job loss or spent weeks bouncing off the walls in quarantine, the pandemic experience included valuable lessons about saving money — and better using our savings to protect ourselves and our loved ones. As we approach a post-pandemic reality, these lessons can continue to have a positive impact on our lives and finances.
Estimate how much income may be needed at retirement to maintain your standard of living.
Plan for the things you can protect against, like a loss of income due to illness or injury.