Ida: What is referred to for tax purposes as earned income, meaning income that you've earned this year during this tax period. I would ask a question about the emergency fund first, because she might end up having to take on debt if she uses this money to pay the tax instead of leaving it for a time when she's not going to have any income. Ida: The conversion between the two options that you outlined or the conversion is the only option that you're eligible for,. There is no choice. You can only make new contributions with what is referred to as earned income.
#425: Ellen’s dad died unexpectedly. Her mom is clueless about finances. How does she help a 70-year-old unravel financial complexities?
Mike has an opportunity to buy into his friend’s growing business. What should be his legal, financial, and relationship considerations?
Pepp wants to know what’ll happen to her Restricted Stock Units when her company goes private.
An anonymous caller needs to build her nest egg. She’ll be a full-time student with no income. She has 20 years until retirement. Should she execute a Roth conversion?
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/episode425
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