Lauren is 26 and earns $48,000 per year after taxes.
She saves $12,000 annually in retirement accounts, and an additional $18,000 per year for a downpayment on a home.
She wants to buy a home in the next five years. Where should she keep her savings in the meantime?
Sawyer has a five-year financial independence plan. She owns two high-end condos in a NYC suburb. She lives in one unit and rents out the other, but she’s bothered by the fact that she’s forgoing collecting rent on the other unit. Should she move?
Katie’s husband is going back to grad school and they want to pull money out of a retirement account to help fund this cost. Are they able to do that? Or is there a better option for short-term investments that they should use?
Cassie is in the process of finalizing a divorce. She and her daughter will receive between $80,000 – $116,000. Should they use the funds to buy a home with a 20 percent down payment or pay off their $30,000 debt?
Andy is curious: should you re-adjust the 4 percent withdrawal rule if your investment portfolio grows?
Joe wants to become self-employed but is concerned about health insurance. What are some affordable options?
Laura is close to pulling the FIRE alarm but her fiance wants to keep working. She wants to know what will change once they get married. Should they file taxes jointly or separately?
Doug is interested in learning more about equity sharing programs. Are these safe to invest in?
Tania wants to know: can you open and fund a Roth IRA if you haven’t worked in the past two decades, but earn alimony?
Brian took out a 401k loan to purchase a new car and regrets his decision. Would it be a wise move for him to take out a personal loan to pay back the 401k loan?
Former financial planner Joe Saul-Sehy and I answer these questions in today’s episode. Enjoy!