Anonymous caller: I'm a teacher earning 66k between salary and tutoring. My parents have gifted me 60k incredibly generously in the past few years. How much would you put into a Roth in my circumstances where I don't really expect my tax bracket to go up by a ton by retirement? All of my funds are in Vanguard Lifecycle Index 2050.
#448: An anonymous caller is dealing with guilt over spending a large cash gift. What’s the best use if she doesn’t have an obvious financial goal to throw at it?
Eric reached financial independence a few years ago but he hesitates to quit his job. What the heck is a Roth conversion ladder and how can he overcome his psychological barriers?
Another anonymous caller and his wife earn $300,000. He feels like they should be financially independent but they’re far from it. What’s going on?
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/episode448
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