Ask Paula: Am I On-Track for Retirement?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 22 July 2019

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

#205: Is it ever a good idea to use your 401(k) as an emergency fund? What's the best way to break up with your financial advisor so that you can move all of your funds to Vanguard? Should you put all of your Roth IRA money into index funds, or is there a better option for your money? A listener has a job offer working less hours for more money, but without a retirement plan. Is this a good move? When running a small business as a sole proprietor, are there tax advantages to incorporating or forming an LLC? If so, what should you consider? What's the best way to maximize the earnings on a large amount of savings while keeping the savings liquid? Can a robo-advisor help with this? Myself and former financial planner Joe Saul-Sehy tackle these six questions in today's episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode205 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:10.8	Every decision that you make is a trade-off against something else and that doesn't just
0:13.3	apply to your money.
0:14.3	It applies to your time, your focus, your energy, your attention, anything in your life that
0:18.6	is a limited resource that you need to manage.
0:21.3	That leads to two questions.
0:22.6	Number one, what do you value most?
0:24.9	Number two, how do you align your daily decisions in accordance with those values?
0:29.8	Knowing those two questions is a lifetime practice and that's what this podcast is here to facilitate.
0:35.4	My name is Paula Pant.
0:36.6	I am the host of the Afford Anything Podcast.
0:38.9	Every other week I answer questions that come from you, the community.
0:42.1	And today, former financial planner Joe Saul Seahy is with me on the show to help answer
0:46.3	questions.
0:47.3	What's up, Joe?
0:48.3	I am so excited to hang out with you and the Afford Anything community.
0:52.3	Ah, yes.
0:53.3	And it's a wonderful community.
0:55.5	And I would like to kick off today's episode with this amazing message from a woman named
1:01.3	Anne.
1:02.3	She has a success story that is so good I can't not lead with it.
1:06.9	So here's Anne.
	...

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