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March 13, 2017By Paula Pant

#68: Ask Paula – How to Invest Your Tax Refund, Save for College, and Avoid Massive Pitfalls

My buddy Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins me this week for another episode of “Ask Paula (and Joe!)” — in which we workshop through questions that came from you, the Afford Anything community.

This week, Joe and I answer questions such as:

  • I’m getting a $2,500 tax refund. Should I use this to invest, repay debt, or upgrade my home?
  • I’m debt-free (except a reasonable mortgage) and maxing out my retirement accounts. What else should I be doing?
  • I’ve started savings accounts for my two daughters, ages 3 and 6, so that they can access this money for big-ticket expenses when they’re young adults. How should I invest this money?
  • I’m interested in socially responsible investing. What specific funds should I look at?
  • What’s your opinion of high-dividend ETFs?
  • What’s your opinion of using whole life insurance as a ‘creative’ wealth-building strategy?

Enjoy!

— Paula

P.S. If you’d like to ask a question for a future episode, leave a voicemail here.

Resources Mentioned:

  • Digit
  • Tip Yourself
  • I Don’t Know How to Start Investing and I’m Afraid of Making Expensive Mistakes – Afford Anything article; contains information on HSA
  • Morningstar.com
  • iShares – IVV
  • iShares – DSI Socially Responsible ETF
  • Calvert Funds – Calvert Equity Fund
  • SPYD
  • iShares – Core HDV

Thanks to our sponsor, Freshbooks!

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#69: Ask Paula - The Real Estate Edition
Next Newer Episode »
#67: Ask Paula - How to Care for Aging Parents, Buy a Car, and Organize a Business
Next Older Episode »

Posted in: Episodes, Personal Finance 101Tagged in: ask paula, debt payoff, esg investing, ETFs, joe saul-sehy, retirement savings, saving for kids, tax refunds, whole life insurance

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Afford Anything

  • Start Here
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    • Binge
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