Joy, a listener on disability about to sell their home, seeks advice on investing $500,000 for a nomadic lifestyle. The hosts stress the importance of practical experimentation before making major life decisions and discuss the experiences of others who transitioned to and from nomadic living. Financial advice includes diversification, asset allocation based on time horizons, and tips for ensuring a $500,000 investment lasts long-term.
#511: Sara is five years from retirement with a paid-off house. But she’s worried that her money will run out before she turns 80. What does she need to do now to protect her future self?
Lauren is a personal finance nerd who gets it. But one question perplexes her: When should she should choose an ETF over an index mutual fund? What about vice versa? Paula and Joe explain.
An anonymous caller plans to sell her house and live a “slow-madic” lifestyle. But she’s on disability and needs to keep her money safe. How should she invest her $500,000 windfall?
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/episode511
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