We’re back to the digital mailbag to answer your questions!
For this week:
- Hot Seat Questions: My favorite blogs, podcasts, articles, and books. Musings on my biggest financial mistakes and the advice I’d give my younger self.
- How do my wife and I keep meaning and purpose in our lives without traditional careers?
- To sell or not to sell a home that was purchased in 2021
- How to sell investments and minimize taxes
- The proper hierarchy of investment accounts
- Roth vs Traditional 401(k): Which is better?
- I-Bonds: Should we be buying more?
- Saving strategies for a home down payment
- Receiving inheritance in a foreign currency
- Critical nuance on withdrawal strategies in a high inflation/poor market return environment
- So much more!
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Show Notes and Links at Clippingchains.com
Q1: Hot Seat Questions: My favorite blogs, podcasts, articles, and books. Musings on my biggest financial mistakes and the advice I’d give my younger self. (00:02:59)
Q2: Should I sell a home I just bought in 2021? (00:09:58)
Q3: How do I withdraw money from an index fund and pay as little in possible on taxes? (00:16:43)
Q4: What are the pros and cons of Roth 401(k) vs Traditional 401(k)?(00:21:15)
Q5: Am I going to buy more I-Bonds next year and are they appropriate for an emergency fund? (00:24:37)
Q6: Nearly 3 years into financial independence… What now gives you purpose, and has that changed since the first year of financial independence? Same question for your wife! (00:28:29)
Q7: An investment account hierarchy case study (00:33:15)
Q8: “I’m receiving inheritance in Euros but I live in Canada. What should I do?” (00:38:18)
Q9: What is the best option for a high-interest savings account when saving for a home down-payment? (00:41:37)
Q10: What about Fidelity’s In-Plan Roth Conversion? (00:47:50)
Q11: Thoughts on market downturns, inflation, retirement income streams (pension, etc.), and how we can adjust our withdrawal strategies to preserve wealth at all retirement durations (00:53:14)
