Timothy Sumer

Jackie is a 42-year-old paralegal with two rental properties. She wants to buy three more. She asks for Paula’s thoughts about today’s economy. Should she buy under these economic conditions? _______________ Subscribe via iTunes: Full show notes for the episode: Get our show notes in your inbox: Follow us! IG: Twitter: FB: Community: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Investing in real estate has long been seen as a lucrative opportunity for building wealth and securing a bright financial future. However, for many individuals, the capital required to enter the real estate market can be a significant barrier. Fortunately, there is a lesser-known approach that allows individuals to invest in real estate with their retirement funds – a Self-Directed Individual retirement account (IRA). A Self-Directed IRA is a retirement

Margaret called in to ask us a question about real estate investing. She and her husband have been contributing to their 401k and they want to buy another income property. Should they take a loan out of their 401k to come up with their down payment? _______________ Subscribe via iTunes: Full show notes for the episode: Get our show notes in your inbox: Follow us! IG: Twitter: FB: Community: ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Can I Use a 401k Loan Strategically? | Afford Anything Podcast (Audio-Only) In the realm of personal finance, there's often a debate about whether borrowing from your 401k plan is a good idea. Some argue that it's a last resort, emphasizing the potential risks involved, while others suggest that there are strategic ways to utilize a 401k loan to your advantage. This topic is

0:00 - Intro 5:23 - Kelsey doesn’t feel comfortable investing in total stock market index funds and would rather invest in ESG funds. How can she tell if she has the necessary $2,000 invested in a company to submit a proposal to participate in a proxy voting? Also, Vanguard has a poor history of supporting shareholder resolutions. What can we do about this? 19:46 - An anonymous listener, nicknamed "Jack from Belgrave," wants to buy and househack one duplex every year to achieve financial independence and leave his office job within the next three to four years. Is his plan realistic? 29:09 - Dylan and his wife rolled her 401k into a rollover IRA with pre-tax contributions. They’ve continued contributing to this IRA with post-tax contributions. Should they separate the accounts, or can they worry about this when they’re ready to retire? 36:53 - "Alyssa from Belgrave" (another anonymous listener) and her partner earn $150,000 per year after taxes. They’r

My friend and financial expert Farnoosh Torabi joins me to answer a relationship & money question from a listener named Janice.⠀⠀ ⠀⠀ Janice is engaged, and she calls to ask: Should she get married? She earns double what her fiancé makes. She has no debt except her mortgage. Her retirement accounts are well-funded. He makes half of her salary. He’s carrying $20,000 in credit card and student loan debt. He has two children from a previous marriage and pays 25 percent of his income to child support. He has zero retirement savings other than his state-funded teachers pension. They’ve been together for 8 years and engaged for three. But she’s unsure about whether or not she should walk down the aisle. Should they get married? Is this a smart financial decision?⠀⠀ ⠀⠀ Farnoosh and I both tackle this question together — and we disagree on some points, which makes this conversation better!! Farnoosh is the bestselling author of When She Makes More, a book that takes an in-dep

Should Bret invest in a Traditional IRA or a Roth IRA? If Amanda gets married, how will her child support be affected? What about her student loan forgiveness? Joe is investing in bonds, which average a rate of return that’s equal to the interest rate on his mortgage. Should he switch to all-equities and redirect his bond investments into mortgage payoff, instead? Taunia has a car loan, a 401k loan, a home improvement loan, a primary mortgage, and a second mortgage. She also has an emergency fund that only covers two months of expenses, and she’s trying to save for college for her two children. What should she prioritize? Mickey has a six-month emergency fund. Should he leave it in a savings account or invest in bond ladders? David made $10,000 from a side hustle last year. Can he open a Solo 401k or SEP-IRA for his side hustle business? If so, which one should he choose? Should Andy invest in a Target Retirement Date fund, or should he split his money between a U.S. in