Ask Paula: I Doubled My Investments During the Pandemic. What Should I Do Next?

<p>#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?</p> <p>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?</p> <p>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?</p> <p>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?</p> <p>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?</p> <p>My friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions on today’s show. Enjoy!</p> <p>For more information, visit the show notes at <a href= "https://affordanything.com/episode316" target="_blank" rel= "noopener">https://affordanything.com/episode316</a></p>