Ask Paula: Should I Pull Money from My Emergency Fund to Invest or Pay Off Debt?

<p>#352: Anna and her husband have volatile income, but Anna thinks that having 18 months of living expenses is unnecessary. She’s torn between paying off her student loans ($30,000) or investing the money. Mentally, she always figured she would pay off her debt first, but wouldn’t investing pay off in the long run?</p> <p>Charlotte and her husband are taking a phased approach to financial independence, where they need to bridge two gaps before they each turn 59 ½. How can they calculate how much they need at each phase?</p> <p>Elle has a retirement plan in place, but her company is adding a Roth 403(b) option soon. Should she stay the course or adjust her strategy in these last five years before retiring?</p> <p>Sara wants to purchase land and build her dream house by refinancing her rental property and turning her current home into a second rental. How can she improve this plan?</p> <p>Joe Saul-Sehy, my friend and former financial planner, joins me to tackle these questions on today’s episode.</p> <p>Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at <a href= "https://affordanything.com/voicemail" target="_blank" rel= "noopener">here</a> and we’ll answer them in a future episode.</p> <p><br /> Get the show notes delivered to your inbox by visiting <a href= "https://affordanything.com/shownotes" target="_blank" rel= "noopener">https://affordanything.com/shownotes</a></p>