447 | Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs | Sean Mullaney

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 24 July 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: financial advisor breakups, I bonds, the 4% rule, second generation FI, Roth IRAs, and the listener mailbag.

Breakups are hard, but breaking up with financial advisor can be harder given the minutia that is often involved in doing so. It's good to have friends to lean on in times like this, which is exactly why we have the FI Tax Guy himself Sean Mullaney with us to help! Listen along as he and Brad dip back into the listener mailbag this week and discuss a plethora of topics submitted by YOU the listener!

Sean Mullaney:

Website: fitaxguy.com
Sean's Roth IRA Blog Post: How I Learned To Stop Worrying About The Roth IRA 5 Year Rules

Timestamps:

0:43 - Introduction/Breaking Up With Your Financial Advisor
15:13 - The Taxable Nature of Financial Breakups
22:11 - I Bonds
29:12 - The 4% Rule and Age
35:40 - Second Generation FI and Accounts
43:48 - Early Roth IRA Conversions
48:18 - Roth IRA's and 5 Year Rules
57:24 - Conclusion

Resources Mentioned In Today’s Episode:

More Helpful Links and Resources:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Keep learning or start a new side hustle with one of our educational courses
Commission-Free Investing with M1 Finance

Transcript

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0:00.0	Hey, it's Brad, I wanted to pass along a really cool announcement.
0:03.5	For years, I've had the dream of finding a way to index and search through all 600 episodes
0:09.1	of Choose Of I.
0:10.1	And it is finally reality thanks to the power of artificial intelligence.
0:14.6	DexA, a new company who just launched their site at DexA.ai, is focused on taking a select
0:20.4	group of world-class podcasts and making them actually searchable.
0:24.8	I was humbled that we were included in their initial launch of 8 podcasts, along with
0:29.1	wonderful shows such as The Huberman Lab, The Knowledge Project, and My First Million.
0:34.2	You can head directly to DexA.ai, slash Choose Of I.
0:38.8	And you can actually ask the Brad Barrett AI a question on any topic we've talked about
0:43.2	on the show.
0:44.2	And it will give you a thorough answer right there, plus give you exact references and
0:49.0	timestamps, along with links.
0:51.4	So you can listen exactly to that full segment if you wanted more information.
0:55.9	So I'm hoping to eventually make this incredible tool a part of the Choose Of I website.
1:00.4	For now, head to dexa.ai slash Choose Of I.
1:06.3	Anytime you're looking for info from our podcast, and I think honestly you're going to be blown
1:10.2	away by what they've created.
1:13.2	Hello and welcome to Choose Of I.
1:15.0	Today in the show, we have our good friend Sean Mulaney, the FI Tax guy, here to do a
1:19.3	mailbag episode with me.
1:20.8	I received a number of emails recently and seen a number of Facebook posts that are
	...

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