403b

  • #314: Ask Paula – I’m Worried About My Parent’s Retirement. What Should I Do?

    ByPaula Pant
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    Briale opened a Variable Annuity inside a 403b at work when she was 23. She has 17 years to go before retirement. As an elementary school teacher, her pension will be $6,000 per month. Should she stop contributing to the annuity and contribute to a Roth IRA instead?

    Debi has an extra $1,000 each month and isn’t sure where to save it. She also has $10,000 in a CD which will reach maturity in August 2021. Her goal is to buy a residence in the next five years. Should she save this all for a downpayment?

    Dominique is concerned about her parents retirement portfolio. Their advisor charges a fee of 1.5 percent assets under management. Her parents are frugal and they don’t realize how much they’re paying. Should she talk to them, or drop the issue?

    Sarah isn’t sure whether she should put more of her savings towards a Roth 401k or a 529 fund for her future kids. Which option is best if she wants financial flexibility?

    Hunter put a credit freeze on his two children’s credit, which required sending each credit union documentation via mail. Experian and TransUnion confirmed the credit freeze, but Equifax didn’t. Upon calling, the representative gave Hunter a different mailing address for the documents. What should he do?

    My friend and former financial planner Joe Saul-Sehy joins me once again to tackle these questions. Enjoy!

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    #310: Ask Paula & Joe – What Should I Do With $25,000?

    ByPaula Pant
    [smart_track_player url="http://traffic.libsyn.com/forcedn/paulaandjaymoney/AA310.mp3" title="Ask Paula - What Should I Do With $25,000?" artist="Paula Pant" social="true" social_twitter="true" social_facebook="true" social_gplus="true" social_linkedin="true" social_stumble="true" social_pinterest="true" social_email="true" ]

    Greta is tired of financial modesty. She wants to achieve financial independence through diversified income streams, and has her eyes set on owning local duplexes. What should she focus on to make this happen?

    Jeannie wants to know: should you scale back 401k contributions so you can invest in something else, like real estate?

    Steph and her husband came into $25,000 and aren’t sure what to do with it. Should they pay off their student loans, save it towards a house and starting a family, or purchase her company stock options?

    J from California is curious: how do you strike a balance between optimization and simplicity in your financial plan?

    Dawn has $65,000 in a 403b through Ameriprise and the fees associated with it are outrageous. Should she take the money out and put it elsewhere, or leave it?

    My friend and former financial planner, Joe Saul-Sehy, joins me to answer these five questions. Enjoy!

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    #159: Ask Paula – I Have Three Kids and I’m Hoping for Financial Independence

    ByPaula Pant
    [smart_track_player url="https://traffic.cast.plus/57b04b389655d0cb71d77f6c/traffic.libsyn.com/paulaandjaymoney/AA159_BONUS_Ask_Paula_and_Joe.mp3" title="Ask Paula - I Have Three Kids and I'm Hoping for Financial Independence" artist="Paula Pant and Joe Saul-Sehy" social="true" social_twitter="true" social_facebook="true" social_gplus="true" social_linkedin="true" social_stumble="true" social_pinterest="true" social_email="true" ]

    Should a 36-year-old father of three invest primarily in Traditional or Roth retirement accounts? Should Rose, a grandmother of four, open a Vanguard account for each of her grandchildren?

    Should Nancy, who lives overseas and is the sole breadwinner in her family, invest in a Traditional or Roth TSP?

    Should Scott’s wife rollover her 403(b) from her former employer into an IRA?

    Should Patrick, age 35, cancel his life insurance plan?

    Former financial planner Joe Saul-Sehy and I answer these five questions in today’s episode.

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    #146: Ask Paula – Where Should I Keep My Money if I Want to Retire Early?

    ByPaula Pant

    My friend and former financial advisor, Joe Saul-Sehy, joins me to answer a multitude of questions on retirement savings and investing, so let’s dive in. Elyse has two questions: #1: Through her job, Elyse has a 401(a) hybrid. Right now, she contributes 0.5% as her employer will contribute 2.5% only when she contributes 4%. Should…