Mailbag: How to decide if you need an annuity and when to close those high-interest credit cards
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In this double-feature Mailbag, Jean talks to Kathryn and Audrey. Kathryn is a little over a decade from retirement and recently started a new job. In her new role, she'll be eligible to receive a pension when she retires. She's wondering if, in addition, an annuity makes sense for her. 

Our next call is from Audrey who’s working on rebuilding her credit after not being employed for a little while. She’s wondering if now is the right time to close the credit cards she opened up that have monthly fees. 

Chapters:

1:00 Mailbag Question 1: Do I need an annuity?

5:00 Investing and Planning for Retirement 

9:00 Planning for Future Expenses 

14:00 Mailbag Question 2: Is now the right time to close credit cards with monthly fees?

19:00 Building up an Emergency Fund

21:00 Goals for Financial Independence 

Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [email protected]).

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