Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future, but most of the decisions we make during the retirement planning process are done with a long-term view. Staying disciplined is easier said than done, but it has been proven time and time again that patience pays off.

On this episode:

Today we’ll talk about some of the situations where you might be inclined to take the immediate benefit, when you should really consider the delayed rewards. As we go through these eight situations, a few of them might seem pretty straightforward while others might not be as obvious.

Here’s some of what we discuss in this episode:

• Why you never want to pass up on a 401k match.
• The power of using a Roth rather than deferring taxes into retirement.  
• Tapping into an emergency fund or early 401k withdrawals can be costly.
• Why claiming Social Security at age 62 might not be your best strategy.
• Why you shouldn’t skip regular health check-ups and preventative care.