Rich Habits Podcast

Q&A: Donating $8M, Borrowing $36K For A “Career Start” Loan & $6M In Single Stocks

13 snips
Sep 25, 2025
The hosts tackle intriguing questions about wealth management. They discuss strategies for rebalancing stocks tax-free within IRAs and how to approach real estate decisions in St. Petersburg. A listener seeks advice on selling a primary home to boost retirement savings. Philanthropy takes center stage, with tips on giving away millions. They also advise against using low-rate loans for investing and prioritize financial strategies for young homeowners. Tune in for insights that blend finance with personal values!
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ADVICE

Rebalance Inside Your SEP IRA Tax-Free

  • Sell single stocks inside a SEP IRA without capital gains taxes and rebalance into ETFs within the account.
  • Expect ordinary income tax only when you withdraw from the pre-tax retirement account.
ADVICE

Vet Your Financial Advisor And Fees

  • Ask your financial advisor if they are a fiduciary and request clear fee disclosures and rationale for avoiding ETFs.
  • Get multiple opinions if you don't understand their strategy or suspect commission-driven advice.
ADVICE

Rent First To Learn The Market

  • Rent in St. Petersburg for one to two years to learn neighborhoods before buying a home.
  • Use that period to drive the area and research multifamily options and ADU opportunities.
Get the Snipd Podcast app to discover more snips from this episode
Get the app