759-Friday Q&A: Scaling Biz, 401(k) Rollovers, $600k Inheritance, Leaving a Corporate Job Faster, Moving Money Offshore

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 4 December 2020

⏱️ 142 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Friday Q&A today:

2:10 - Free resource for end-of-the-year planning: www.yearcompass.com
3:00 - How aggressive should I be in scaling up my real estate company?
22:15 - Should I rollover my 401(k) and 403(b) to an IRA
35:30 - Should I put my child into kindergarten at an early age?
43:44 - Should I deduct my early stage business expenses now or later?
47:14 - What should I do with a $600,000 inheritance
1:06:00 - Should I participate in my 457(b) plan?
1:06:41 - I want to leave my $225k corporate job to be a full-time trader. How can I do it faster?
1:20:45 - Should we keep our old house as a rental?
1:34:38 - Should I participate in my company's mega-backdoor-Roth?
1:45:20 - Should I move my $1M brokerage account offshore?

To join me on next week's Q&A show, support the show on Patreon: https://patreon.com/RadicalPersonalFinance

Transcript

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0:00.0	It's Friday. Today live Q&A. Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,
0:21.9	skills, insight, and encouragement
0:23.5	you need to live a rich and meaningful life now, while building a plan for financial freedom
0:26.8	in 10 years or less.
0:28.5	My name is Joshua, and I am your host.
0:30.4	Today is Friday, December 4, 2020.
0:33.2	Today we're recording a live Q&A show.
0:35.0	Works just like, well, any other live Q&A show.
0:37.8	Got one, two, three, four, five callers on the line here.
0:41.0	And we go to the phones and we talk about finances or life
0:43.7	financial independence whatever you want.
0:47.0	Love to record these shows to they give you a chance to talk about anything that is on your mind,
0:54.8	any questions that you have, any topics of conversation, any feedback.
0:58.9	And I usually, we have a lot of diverse topics.
1:01.3	I really enjoy doing these shows. If you would like to gain access to one of these shows, to be able to ask your question in the future or bring up your topic of conversation, you can do that by becoming a patron of the show on Patreon.com.
1:13.4	Just go to Patreon.com search for radical personal finance
1:16.2	and you will find me sign up to support the show there and that is how I distribute the
1:19.7	codes to these. You should also go ahead and get on some of the other lists every now and then
1:23.7	I haven't done it much recently and I'll probably do it more but every now and then I'll go ahead
1:27.8	and do a special one of these to the email list so if you'd like to get on the email list
1:31.3	go to radical booklist. Come.
1:33.4	Sign up for my radical reading list.
	...

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