Ask Paula: How Should We Invest to Retire By Our Mid-40’s?

<p>#348: Aja’s mom is 75 and has to take required minimum distributions from her IRA. She doesn’t need the money. Where should she put it?</p> <p>Anonymous from MA is flummoxed by HSA-compatible health plans. His copay and deductible are awful, and even bronze plans seem better. Are HSA plans overrated, or does the math work out?</p> <p>Julia and her husband, both 27, want to retire by their early to mid-40s. Is there a point at which they should stop contributing to tax advantaged accounts and only contribute to taxable accounts?</p> <p>Ileana and her family like their home, but it needs to be bigger. A cash-out refi didn’t give them enough funds for their dream renovation. Should they put their money into the market in the hopes that it will grow large enough to fund a future renovation? Or should they move into a bigger house, rent out their house, and fix it up years down the road?</p> <p>Nick has a seasonal business. Can a sweep account help stabilize him?</p> <p>My friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions on today’s show. Enjoy!</p> <p>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.</p> <p>For more information, visit the show notes at <a href= "https://affordanything.com/episode348" target="_blank" rel= "noopener">https://affordanything.com/episode348</a></p>