Ask Paula: I Doubled My Investments During the Pandemic. What Should I Do Next?
#316: Pauly from Portland doubled the inheritance money he received from $50,000 to $100,000 during the pandemic. Now he’s wondering if it’s okay to use this $100,000 as a downpayment on a home in Portland. Is that a wise use of the money?
Preethi accidentally withdrew funds from her Roth IRA as an excess distribution, and she’s already filed her taxes. What should she know for tax time next year?
Michele wants to reach financial independence (FI), and her grandparents are leaving her their house. She already owns a home, and she’s torn between six potential options that will propel her toward FI. What should she do?
Casey is in the market for a second rental property and wants to know: would we recommend purchasing a rental in a complex where she already owns a condo? Or should she diversify into a different complex in a different, nearby, more stable town?
Fred doesn’t have access to a workplace retirement plan. Besides opening a Roth IRA, what else can Fred do to juice up his retirement savings?
My friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions on today’s show. Enjoy!
For more information, visit the show notes at https://affordanything.com/episode316
Learn more about your ad choices. Visit podcastchoices.com/adchoices
View all episodes
4.7
33183,318 ratings
#316: Pauly from Portland doubled the inheritance money he received from $50,000 to $100,000 during the pandemic. Now he’s wondering if it’s okay to use this $100,000 as a downpayment on a home in Portland. Is that a wise use of the money?
Preethi accidentally withdrew funds from her Roth IRA as an excess distribution, and she’s already filed her taxes. What should she know for tax time next year?
Michele wants to reach financial independence (FI), and her grandparents are leaving her their house. She already owns a home, and she’s torn between six potential options that will propel her toward FI. What should she do?
Casey is in the market for a second rental property and wants to know: would we recommend purchasing a rental in a complex where she already owns a condo? Or should she diversify into a different complex in a different, nearby, more stable town?
Fred doesn’t have access to a workplace retirement plan. Besides opening a Roth IRA, what else can Fred do to juice up his retirement savings?
My friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions on today’s show. Enjoy!
For more information, visit the show notes at https://affordanything.com/episode316
Learn more about your ad choices. Visit podcastchoices.com/adchoices
More shows like Afford Anything
View allMoney Guy Show
2,898 Listeners
Financial Independence Podcast
1,674 Listeners
The Stacking Benjamins Show
1,897 Listeners
So Money with Farnoosh Torabi
1,906 Listeners
ChooseFI
5,024 Listeners
Millionaires Unveiled
887 Listeners
BiggerPockets Money Podcast
3,002 Listeners
The Financial Independence Show
292 Listeners
Earn & Invest
397 Listeners
Two Sides of FI
310 Listeners
All the Hacks with Chris Hutchins
1,371 Listeners
Mile High FI Podcast
163 Listeners
I Will Teach You To Be Rich
3,097 Listeners
Catching Up to FI
272 Listeners
Mindy On Money
40 Listeners