Saving With Silverman
Saving With Silverman
Mark Silverman
Mailbag: Paying for a Car, Saving Smarter, & the $1 Million Myth
9 minutes Posted Sep 18, 2025 at 9:00 am.
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Want to get in touch with Mark? šŸ‘‰ https://silverman-associates.com/home
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In today’s mailbag, Mark answers three real listener questions. First, when it’s time to replace a car, is it smarter to use your emergency fund, pull from an IRA, or finance with a monthly payment? Next, a recent college grad asks how much she should realistically save each month toward retirement, a home, and future travel. Finally, a listener approaching retirement wonders if having less than a million dollars saved is enough to live comfortably.
Here’s what we discuss in today’s show:
šŸš— Weighing options for buying a car in retirement
šŸ’° Why emergency funds should always be replenished
šŸ“ˆ Starting small and increasing savings over time
🧮 Why ā€œa million dollarsā€ isn’t a magic retirement number
šŸ› ļø How a financial plan adapts to your unique life
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Want to get in touch with Mark?Ā 
Web:
https://silverman-associates.com/home
Email:
[email protected]
Phone:
520.512.8832