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23min chapter
Ask Paula: What to Do with a Six-Figure Windfall?
Afford Anything
Strategic Financial Planning for Windfall and Investment Decisions
The chapter provides insights on handling a $30,000 windfall, emphasizing the choice between an iBond account and a taxable brokerage account for maximizing growth potential. Discussions include comparisons between stock-based mutual funds and iBonds, caution on potential penalties when replacing funds, and considerations for transitioning from RV living to building an off-grid home. The speakers highlight the importance of long-term financial goals, strategic decision-making on large purchases, and the risks and trade-offs involved in various investment opportunities.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode