The first thing that i don't know is how much money you want to live on. If they never need the money, well then we should look at very long term, aggressive investments and get as much of it into a roth position as possible so we don't have to deal with age 72 rules. With the market in the shaky state that we were talking about with michel, i also like doing wroth conversions. I like roth over traditional, but i also, you know, the tax triangle, flexible money. But i think joe to hearken back to how you started this answer. Hearken, hearken, you say, hearkened, he
#370: Kristen is 32, and she and her husband want to retire in less than 20 years. They make too much to contribute to a Roth IRA. Should they use back door Roth conversions to speed along their path to early retirement?
Michelle makes $190,000 and is going to switch to a career that pays $40,000 on average. To prepare for this lower salary, she's selling her current home and buying a different one. Should she pay off her new home with the proceeds from the old one? Or should she invest her profits?
Anonymous lives in a high cost-of-living area and is wondering where to keep her down payment and emergency funds. Should she use I-bonds, TIPS, or some combination of these two?
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough situations.
Enjoy!
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