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Radical Personal Finance

878-Friday Q&A: International Banking and Residency, To Leave or Not to Leave (a Job), Target Date Retirement Funds, Asset Allocation

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 15 July 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

On today's Q&A we cover:

  • 1:56 How do I get money to and from my international bank account?
  • 8:20 Should I do my residency processes myself or retain an attorney?
  • 17:50 Should my wife leave her job to be a stay-at-home mom, in light of a pending economic crisis?
  • 44:13 Why shouldn't I do a Target-Date Retirement fund?
  • 1:03:55 How should I figure out how to arrange my own asset location and allocation plan?

If you'd like to join me next week, go here: https://patreon.com/radicalpersonalfinance 

Transcript

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0:00.0

It's Friday, and today, back from vacation to do live Q&A.

0:20.0

Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,

0:24.0

skills, insight and encouragement you need to live a rich and meaningful life now,

0:28.0

while building a plan for financial freedom in 10 years or less.

0:31.0

Today is Friday, July 15, 2022, and today, after an extended break for summer vacation,

0:38.0

we are back at it with live Q&A. Open phone lines, call in, talk about anything you want.

0:52.0

This is your first time on a Friday Q&A show. Welcome. We're glad that you are here.

0:56.0

These shows work just like traditional call in talk radio has worked.

1:00.0

You call in, you ask me about anything that you want. Talk about any questions that you have.

1:04.0

Happy to talk about details of your personal situation. Happy to opine on anything that you have questions on,

1:09.0

anything you want clarifications. Happy to hear any discrepancy of anything that you want.

1:13.0

I don't screen the calls. Well, I don't screen the subjects of the calls.

1:17.0

I do screen the calls in terms of publishing the phone number.

1:20.0

If you would like to join me for one of these Friday Q&A shows, you do that by becoming a patron of the show at patreon.com,

1:25.0

slash radical personal finance, search patreon for radical personal finance, become a patron of the show,

1:29.0

and that gain to access to the time and the phone number to be able to call in and join me on a Friday Q&A show.

1:35.0

And by doing it that way, it simply allows me to make sure that I have positioned things to not be overwhelmed with too many calls.

1:43.0

I try to handle anywhere from five to 10 calls on one of these Q&A shows.

1:47.0

And if I didn't do that, I would simply have far too many.

1:51.0

We begin today with John and Pittsburgh. John, welcome. How can I serve you today, sir?

1:56.0

Any special thanks for taking the call. Welcome back.

2:00.0

I have a question about opening a Canadian bank account.

...

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