Afford Anything

Ask Paula: How Can We Reach Financial Independence by 35?


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#346: Pensions make Chad uncomfortable, to the point of quitting his job to roll his $175,000 over to an IRA. Is the 12 percent match his employer offers good enough to beat the two percent growth of his pension? Or should he leave and never look back?

Anonymous and his wife have $275,000 saved and a child on the way. They’re 27 and want to reach financial independence by 35. They want to buy a house, but with this crazy market, what’s the smartest way for them to use their savings?

Anonymous and his wife are 30 and hope to reach financial independence in five years. They want to know: is a taxable brokerage account the best place for their leftover $1,000 after they max out their pre-tax 401k contributions?

Norm wants to buy a house in cash and doesn’t want his name on public record. Is it possible for him to stay anonymous?

Sharon called in on episode 336 and called back to clarify her question. Her husband purchased a below-market property which has a cap that limits how much they can sell it for. Should they keep the home, or sell it, even if they can’t get the full price for it?

Joe Saul-Sehy, my friend and former financial planner, joins me to tackle these questions on today’s episode.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

For more information, visit the show notes at https://affordanything.com/episode346

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Afford AnythingBy Paula Pant | Cumulus Podcast Network

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