Are We Heathens?

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When you put money into a five 29 plan, there's no upfront tax deduction for putting the money in. Instead, what you get is tax deductible growth. But your money's not going to be in there long enough to grow. Luci ha just had a fantastic year with her invested money. It is now a short term goal to capture the money that she has made so far. There i would be looking other way. She's really wondering about investing more to get more returns.

#360: I’m worried my parents are getting ripped off by their financial advisor. What should I do?

My wife is trying to qualify for student loan forgiveness … but we might lose a bunch of tax benefits in the process. Is it worth the risk?

I’m enrolling in grad school, and I want to optimize how to pay for rent and groceries. Should I use money from a 529 plan?

Three callers. Three questions.

In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough Q’s.

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.

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