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Ask HTM - Supercharging Retirement as a Freelancer, HSA for Medical vs Retirement, & “Investing” in Your Primary Residence #934
Jan 20, 2025
Listeners dive into the nuances of investing in real estate versus the stock market, weighing personal experiences and informed choices. They explore creative strategies for maximizing retirement savings as freelancers, addressing key questions about Health Savings Accounts for medical expenses. Practical advice unfolds on negotiating home repairs while balancing lifestyle goals with financial returns. The conversation also touches on optimizing 529 plans for educational expenses and cutting dental costs with innovative planning.
52:22
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Quick takeaways
- Utilizing a Fidelity rollover IRA helps streamline retirement fund management with no account fees and quick rollover processing.
- Effective subscription management via tools like Capital One's app allows users to track and control ongoing financial commitments easily.
Deep dives
Maximizing Retirement with a Rollover IRA
Maintaining an old 401k can be beneficial, but utilizing a Fidelity rollover IRA is a strategic move for anyone needing to manage retirement funds effectively. This type of IRA incurs no account fees and has no minimums for opening an account, making it accessible for all. The rollover process can be completed in under 15 minutes, streamlining the transition of funds. Additionally, having access to a rollover specialist can help individuals navigate their options efficiently.
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