"I would be very happy if I could plan to take a $5,000 trip every say two or three years," she says. "What you are doing is respecting the gift that your parents and grandparents have given you by being so thoughtful about it." She puts 20% of her income towards retirement; with no debt, everything else is on track as far as she can tell. 'Do not feel ashamed at receiving these gifts,' CNNMoney's John Sutter writes.
#448: An anonymous caller is dealing with guilt over spending a large cash gift. What’s the best use if she doesn’t have an obvious financial goal to throw at it?
Eric reached financial independence a few years ago but he hesitates to quit his job. What the heck is a Roth conversion ladder and how can he overcome his psychological barriers?
Another anonymous caller and his wife earn $300,000. He feels like they should be financially independent but they’re far from it. What’s going on?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode448
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