It’s mayhem in this week’s episode, as Joe Saul-Sehy, a former financial advisor and host of the Stacking Benjamins podcast, joins me to answer your questions.
Normally, I host an “Ask Paula” episode on the first Monday of every month, in which I tackle questions from the Afford Anything community.
You all kicked off the new year with a *ton* of questions, asking about everything from investing to rental properties to starting a business.
To deal with this deluge, I decided to host a bonus episode of Ask Paula this month. We’ll be featuring two Q&A episodes back-to-back, this week and next week.
To spice things up, I invited Joe to join me in today’s episode.
And *man,* we get into it.
We’re goofballs; we tell PG-13 dirty jokes; we disagree on several answers, and we have a grand ‘ol time. Hopefully you’ll learn something, and you’ll probably end up laughing along the way.
Joe, in case you’re wondering, spent 15 years working as a financial advisor with Ameriprise and 9 years as the “Money Man” for Detroit’s Channel 7 WXYZ-TV, the local news ABC affiliate. He’s been featured by more than 200 media outlets, including the Wall Street Journal, Los Angeles Times, Chicago Sun-Times, Baltimore Sun, and — my personal favorite — Bride magazine.
His podcast, Stacking Benjamins, was hailed as “The Best Personal Finance Podcast of 2016” by Kiplinger Magazine (heeeey, what about this one?)
But it’s all good, because guess what? I’m a regular on the Stacking Benji’s show. (Yeah, it’s my ‘other’ podcast.) You’ll find me on the Friday episodes, where I’m (usually) one of 3-4 voices on the roundtable.
So anyway —
Last week, I turned the (round)tables and invited Joe onto the Afford Anything podcast, so that he could chime in on the questions that you’ve sent us.
Here’s a sampling of what we answer.
Our first caller asks: My wife and I earn a combined $200,000+ income. We save 70 percent, and we’d like to retire early. We’re debt-free, including mortgage-free, an we’ve created a decent college fund for our child. So … what’s next? What should we do?
Next, Roxi asks: How do people within the early retirement and financial independence community actually *access* their money?
Charlene wants to know: How should I choose a financial advisor?
Francisco asks: I own three rental properties plus my own home free-and-clear. I also have $100,000 in a savings account. What should I do next?
Susan says: I have a self-directed IRA. Can I contribute rental property income into this account?
Finally, Jane asks: Should I keep my money with Vanguard, or move my investments to a robo-advisor account like Wealthfront?
Joe and I tackle these topics in today’s episode.
Enjoy!
Resources Mentioned:
Websites:
- FINRA Broker Check
- How to Access Retirement Funds Early – Mad Fientist
- IRS Rules About 72(t) SEPP
- Stacking Benjamins Podcast, with Joe Saul-Sehy
- Got a question? Leave it here!
Books:
- 7 Habits of Highly Effective People, by Stephen Covey
- Rich Dad, Poor Dad, by Robert Kiyosaki
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