annuities

  • #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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    #233: Ask Paula – How Can I Retire in 12 Years?

    ByPaula Pant
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    Deepak is considering downsizing his family’s home, but wants to know if the savings are worth the transaction costs he’ll have to pay.

    Anonymous and her husband hold $900,000 worth of privately-owned company stock. How should they plan for handling this money?

    Shelby is 25 years old and works for a company that awarded her restricted stock units. What should she do with these? Additionally, she traded in a 2013 Prius for a 2018 Subaru, for which she now owes $19,000. Should she sell it for a used vehicle or stick it out?

    Katelyn is interested in learning more about annuities. What should she know in order to make an informed decision?

    Max FI and his wife want to retire in 12 years. How should they invest to achieve this?

    Anonymous’s former employer offered a Roth and Traditional 401k, and his new employer only offers a Traditional option. How should he rollover his former Roth 401k?

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    #137: Ask Paula – What the F**k Are Annuities?

    ByPaula Pant

    Today’s episode is an annuity sandwich: we answer one question about family and relationships, three questions about annuities, and one question about time management. My friend and former financial planner Joe Saul-Sehy joins me to answer questions in what, I hope, is the most entertaining episode about annuities you’ll hear. Here are the five questions…