The chapter focuses on a couple's inquiry about building a recording studio in their home, considering financial factors and income generation. The hosts provide advice on creating financial models, balancing personal desires with financial considerations, and emphasizing the need for realistic financial projections. The discussion delves into the importance of cash flow management, decision-making strategies, and handling financial risks in relation to building a recording studio alongside a house.
#524: Mark and his partner will soon inherit an IRA worth over a quarter million dollars. With today’s elevated interest rates, would throwing it all at a primary residence be the smartest play?
An anonymous caller and his girlfriend are musicians who dream of building a home with a monetizable recording studio. How do they untangle personal wants from business needs?
Will feels stumped about the options in his defined benefit pension plan. When should he choose a guaranteed annuity over a lump sum payment?
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/episode524
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