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Money Guy Show

"I've Got A Major Purchase Coming Up - What Should I Do?"

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 23 February 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

Maybe you're thinking of buying a house or going back to school in 3 or 4 years. So where should you keep your money during that time? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxing.

0:09.0

You've got financial questions.

0:10.6

He's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:15.4

All right, so next question, I didn't mean for this to like dovetail segue so well,

0:20.7

but it did.

0:21.7

This question is from Jeff.

0:24.2

Jeff said, my fiance and I, 1444, both make over 100,000, and we save over 20%.

0:29.5

401K, 403B, and after tax account.

0:34.0

Should all the accounts be rebalanced?

0:36.6

How often or should it be based on deviation from our goals, meaning when goal is changing?

0:42.2

So how does someone who's like in the saving, in the accumulation phase think about rebalancing

0:50.0

and rebalancing like betwixten across accounts?

0:53.6

So Jeff, you know, first of all, kudos to you guys.

0:55.8

It sounds like you and your fiance successful professionally have good incomes.

1:01.0

It sounds like you're probably saving if you're having these type of questions.

1:05.2

I liked, you know, previously Boa talked about the value of index target retirement funds

1:11.4

because they take out all the asset allocation questions.

1:14.3

You just choose how much can you save when do you need it?

1:17.6

And the three big providers that we talk about from time to time are like Vanguard, Charles

1:24.1

Schwab and Fidelity Investments.

...

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