Experts: Is It Ever OK To Cut Back on Saving for Retirement?

“Those saving for a down payment on a house or a college education for their children may decide to cut back on saving for retirement to reach these short- to mid-term financial goals.

There is one very important step to take prior to saving for retirement or even for these short-term goals and that’s creating an emergency fund. You should have three to six months of living expenses in an emergency fund, said Ryan Klekar, CFP and senior wealth advisor at Truepoint Wealth Counsel.”

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