The good news is, first of all, that the balance in your five 29 at its peak, a hundred and 50 thousand. And you've lost about ten thousand dollars, which means you still have plenty to be able to get you through the next three years. You can cover that senior year either through new contributions or through a rebound in the market. What we know is that currently we are in a bear market. We also know that historically, the us has been in recession 14 % of the time since world war two.
#387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties?
Linda invested in a 529 for her son’s college, and he’ll be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money.
Jen and her husband want to retire in 8 years. They’re hoping to have paid off their mortgage AND hit their net worth goals when they stop working. How should they prioritize between these two goals?
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode387
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