This chapter delves into the financial considerations of raising children, focusing on the advantages of initiating a 529 plan even before the child's birth to facilitate flexible beneficiary changes for future educational expenses. It underscores the importance of early savings for higher education and the essential requirement of a social security number linked to a 529 plan for its establishment.
#512: An anonymous caller who received a large inheritance feels paralyzed by all the investment philosophies he’s read about. How does he pick a winning strategy he can stick with?
Josh is an expectant dad looking to buy a bigger house but doesn’t know how much everything will cost. Should he save more or invest more?
Another anonymous caller worries that large expenditures like buying a new car or replacing her home’s roof will blow up her budget in retirement. How does she plan for unexpected expenses?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it at https://affordanything.com/voicemail
For more information, visit the show notes at https://affordanything.com/episode512
Learn more about your ad choices. Visit podcastchoices.com/adchoices