Our next question comes from kira. Hi paula and jo, I just graduated high school and work as a claims administrator at a personal injury law firm. In those two years, i have jumped two tax brackets, making me want to take my finances more seriously. Where should i put the initial 15 hundred dollars monthly so that my savings won't be eroded due to inflation? Think of me as a blank page with no financial ties or serious financial commitments as yet. What advice would you give that person?
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode399
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