Ask HTM: Becoming a Single Income Household, Higher Costs in a Big City, and Long-Term Care Insurance – Episode 184

April 6, 2020

We’re kicking off the week by answering your questions! And if you have a question for us, we’d love for you to submit your own via

  1. What steps can be taken in order to prepare to become a single income household?
  2. In addition to maxing out my Roth IRA, what else should I do if I want to save and invest more?
  3. What are your thoughts on long-term care insurance?
  4. As a newly married couple, how do we budget on a variable income?
  5. What changes should I expect to see in my expenses as I’m moving from a very small town to a very large city?

Additional resources from this episode:

  • Make sure the next prescription you have filled is at a pharmacy that is giving you the best price. GoodRx is a fantastic resource to compare prices at your local pharmacies.
  • If you’re looking to open your own retirement account with a low cost brokerage, be sure and check out our favorites like Fidelity, Vanguard, and M1.
  • Folks who in their mid-fifties and are beginning to look at long-term care insurance can check out a site like PolicyGenius who will compare rates with multiple providers.
  • And as we learned from Liz Thames, not everything is more expensive in a big city. Listen back to that full interview to hear some of the different ways she and her husband were able to save more while living in Boston and NYC.

During this episode we enjoyed a Green by Treehouse Brewing- thanks to Bryan and Caitlin for donating this one to the show! And as we ramp up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!

Best friends out!

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