Paula: I like the interest rate discussion, but one people also forget about his cash flow. If if we can make her cash flow significantly better, so that she can max fun the for one k, or invest even heavier, this is a move that can potentially make her financial position over all much better. Less debt on the balance sheet, lower interest rates, but ore cash flow. paula: Even where a debt didn't have a high interest rate, if it swallowed up huge cash flow and we could pay it off in a fairly quick period, i would pay off that debt very quickly.
#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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