#318: Ask Paula – How to Think About Finances at the 30,000-Foot Level
…I open a SEP IRA? Grace asks (at 34:47 minutes): I’m sort of in panic-mode as I’m wondering if I messed up my tax planning for retirement. I’m an independent…
…I open a SEP IRA? Grace asks (at 34:47 minutes): I’m sort of in panic-mode as I’m wondering if I messed up my tax planning for retirement. I’m an independent…
…peace. If you’re still anxious about money, then your real anxiety is not about the digits in your bank account. It’s an anxiety around the idea that perhaps your friends…
…intervene if something was actually important to the final outcome. Still, it’s a reasonable question to ask why I chose to be so actively involved in the daily planning. The…
…is compelling. In other words, “it’s too long” is a polite way of saying “it’s too boring.” If an article has a high drop-off rate, I’ll scrutinize it. Do I…
…annual rent is $12,000. The P/R ratio is $300,000/$12,000 = 25. If you’re renting in a neighborhood with these types of numbers, remain a renter in that location. “I don’t…
…Jenni asks (at 1:08:32 minutes): I recently learned that I-bonds have reached over 7% interest. I’m thinking my husband and I should buy the maximum allowance of $10,000 each. A…
…asks (at 47:21 minutes): I’m in escrow for a $510,000 fixer-upper house in Southern California. I have $300,000 in a brokerage account, and I’m wondering if I should sell some…
…Roth IRA. Can I open a Roth IRA today, even though I’m over the maximum income? I want to take part of my IRA pre-tax money and convert it –…
…philosophy and process as the lead portfolio manager. In this interview, David discusses the 10 questions outlined in his book: What is it? Is it investing, speculating, or gambling? What’s…
…that I found myself in, exactly 10 years ago on this day. I had no idea that “financial independence” existed. I had no concept of “passive income” or “rental investments”…

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