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 mailbag@hermoney.com.

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Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.

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Mailbag: How to decide if you need an annuity and when to close those high-interest credit cards 26:58 Share

HerMoney with Jean Chatzky

Shownotes Transcript

Mailbag: How to decide if you need an annuity and when to close those high-interest credit cards