The best formula for personal finance is the one that solves the question, what rate of return do i need to reach my specific goals? Every major asset management company vanguard, fidelity, schwab. They all have these calculators that are great places to start. You can dive in to web sites like a can i retire yet as a bunch of has a whole page full of calculators. Show notes are available at afford anything dot com slash episode three, nine, four.
#394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash.
Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she isn’t sure what she should do.
Heather inherited an IRA but MUST empty it within ten years - but she doesn’t need it right now. What should she do??
Julie and her husband have access to an HSA for ONE MONTH. Can they max it out before they lose access to it?
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.
Enjoy!
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.
For more information, visit the show notes at https://affordanything.com/episode394
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