Imagine that your job is extremely well-paying, but you don’t enjoy it.
You’d like to switch employers, even though this will probably require a paycut. But before you make the switch, you want to accomplish two goals: buy a home and catch up on retirement savings.
Should you pursue both goals? Or should you defer the home purchase, given the potential future paycut?
If you decide to pursue both goals, which one should come first?
This is one of the five questions that former financial planner Joe Saul-Sehy and I answer in this week’s podcast episode.