Retirement Tools and Affording Impulse Purchases

Robert Brokamp hosts the Saturday Personal Finance edition of Motley Fool Money, beginning with a discussion of the Federal Reserve's interest rate cut and its potential effects on personal finances, followed by a brief overview of Real Estate Investment Trusts (REITs) on their 65th birthday, and a rule of thumb for guilt-free spending based on net worth. The main segment features an interview with financial planner Sean Gates, who provides insights on selecting high-quality retirement calculators, emphasizing the importance of visualizing cash flows and customizing assumptions. They discuss the pros and cons of various tools like CalcXML and Projection Lab, and Brokamp concludes with a call to action to enhance job skills in a slowing job market.