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Money Guy Show
What Should I Do If My 401(k) Sucks?
Apr 24, 2024
Strategies for managing high-fee 401(k) plans and considerations for IRA rollovers. Exploring financial decisions, interest rates, and maximizing $200,000. Insights on book promotions, personal connections, and balancing savings with necessary purchases like a minivan.
41:52
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Quick takeaways
- Consider selling rental property within two-out-of-five-year window for tax benefits.
- Evaluate using $200,000 equity based on financial goals and position in financial order of operations.
Deep dives
Consider the Future Tax Benefits of Selling the Rental Home
When deciding what to do with the $200,000 equity from your rental home, consider the future tax benefits of selling the rental property within the two-out-of-five-year window for the $500,000 tax-free gain exclusion. Selling outside this window could result in losing out on significant tax advantages.
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Listen to the best highlights from the podcasts you love and dive into the full episode