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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.
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ANECDOTE

Negotiating Home Repairs

  • Joel had a water line break at his rental property.
  • By getting a second opinion, he saved $3,000 on the repair.
ADVICE

ADU Investment

  • Invest in your house for lifestyle reasons, not just financial ones.
  • Consider the long-term benefits like added equity and potential rental income.
INSIGHT

Balancing ROI and Life Goals

  • Aligning financial decisions with broader life goals is crucial.
  • Don't solely focus on ROI; consider quality of life and family needs.
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