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ChooseFI
505 | Mailbag: Getting Started with FI, Debt vs. Investing, Dividends, 4% Includes Taxes?, Roth 401k | Rachael Camp
Aug 19, 2024
In this engaging discussion, Rachael Camp, a financial advisor with expertise in financial independence, shares her insights on various listener queries. They dive into the nuances of debt versus investing, the 4% rule, and how taxes impact financial goals. Rachael explains the differences between Roth and traditional 401ks, and the importance of prioritizing total return over high dividends. She emphasizes actionable steps for newcomers on their financial independence journey, making complex topics accessible and actionable.
01:12:34
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Quick takeaways
- Effective financial planning should prioritize clear goals while recognizing the interplay between debt management and investment decisions.
- The 4% rule for retirement withdrawals necessitates factoring in taxes to accurately determine post-retirement financial needs.
Deep dives
Top Travel Rewards Credit Cards
The discussion highlights the top travel rewards credit cards available as of August 2024, focusing on significant promotional bonuses. The Ink Business Preferred card offers an unprecedented 120,000 points bonus after spending $8,000 in the first three months, despite a $95 annual fee. For personal cards, the Capital One Venture Card features a 75,000 mile bonus with an added $250 travel credit in the first year. Both cards provide transferable points, making them valuable options for small business owners and travelers alike.
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