Friday Q and A: I Doubled My Income, Now What? How Do I Retire With No Money? Is Insurance a Good Investment? RPF0098
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 7 November 2014
⏱️ 64 minutes
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| 0:00.0 | Friday, and A, today. Here are the questions we're going to cover. I almost doubled my income, |
| 0:06.1 | saving a bunch of money. What do I do with the difference now? Number two, my parents don't |
| 0:12.3 | have much money, just a little bit of home equity. |
| 0:14.8 | How do we figure out a retirement plan for them? |
| 0:17.8 | Number three, is insurance a good investment? |
| 0:21.8 | Number four, how do I figure out an appropriate withdrawal strategy to leave a |
| 0:26.0 | certain amount of money behind? Number five, 26 years old, make a bunch of money but don't know |
| 0:32.1 | what to do, is it okay just to keep |
| 0:33.8 | money in cash or do I need to have it invested next how do I allocate and |
| 0:39.6 | diversify my bond portfolio should I pay extra on my mortgage in a lump sum or in a little bit over time, |
| 0:47.0 | and if we have time, how do I get out of credit card debt? Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host. |
| 1:12.8 | Today is Friday, November 7, 2014. |
| 1:17.4 | It's Friday, time for Q&A. |
| 1:19.0 | Those are the eight questions I've got lined up. |
| 1:21.4 | Of course, the question is, will we get even past number one or number two? |
| 1:26.5 | I really don't even know. This is episode 98 of the show, I hope you enjoy. So you all responded to my, uh, was it a plea? I'm not sure if it was a plea or my request for more questions last week. |
| 1:47.0 | So I had a bunch of questions send them, which is awesome. I've got those eight that I mentioned in the intro lined up here are ready to go. |
| 1:53.5 | I'm not sure how many I'm going to get through. |
| 1:55.3 | I'm going to try to actually answer them a little bit more quickly than sometimes, |
| 1:59.2 | and I'm going to linger on a few different points. |
| 2:01.9 | So as just a quick up front, I may in some of these questions answer |
| 2:05.8 | them in a more cursory manner or just pick on a couple of the topics that seem pertinent and |
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