Q&A: Business Trouble, Portfolio Allocation in Retirement, & $450K of Student Loan Debt

Feb 13, 2025

Dive into a lively Q&A session tackling listener questions about joint brokerage accounts and student loan management. Discover how to navigate business acquisitions and the financial safety of RV living. Uncover insights on balancing debt management with wise investments for a secure future. Learn effective portfolio strategies as you approach retirement, and explore smart financial planning tips specifically for young professionals with student debt. It's all about thriving despite financial challenges!

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ADVICE

Joint Brokerage Account

Elizabeth asked how she and her husband can have visibility and trading access to a shared account.
Open a joint brokerage account, ensuring the broker offers it and both parties complete the required paperwork.

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ADVICE

Joint Account Implications

Joint accounts are beneficial for married couples for estate planning and asset protection.
Understand the implications of joint ownership, especially in case of divorce, and ensure mutual trust.

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ADVICE

Failing Franchise Advice

Mitchell asked for advice on a failing franchise and a $100,000 HELOC.
Negotiate a release from the business partner, even with a small loss, to avoid further issues.

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Understanding Joint Brokerage Accounts for Couples

02:42 • 3min

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Navigating Joint Accounts and Business Partnerships

05:19 • 8min

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Navigating Business Acquisition and Financial Safety

12:56 • 5min

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Managing Debt and Investing Wisely

17:39 • 15min

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Smart Portfolio Strategies for Retirement

32:21 • 8min

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Navigating Financial Challenges: From Car Purchases to Student Loans

40:19 • 2min

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Strategic Financial Planning for Young Professionals

42:29 • 6min

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In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!

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Disclosure:A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 2/13/25, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Fee Schedule⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://public.com/disclosures/bond-account⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more.

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