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Farnoosh and Georgia Lee, CFP, answer pressing audience questions, offering advice on combining finances in marriage, managing debt while saving for retirement, and optimizing student loan repayment -- all through the lens of a Trump presidency.
How much is 'enough' to store in a checking account versus a savings account, what are the pros and cons of 529 prepaid college tuition plans, and should a listener sell her home if the equity can provide her family with more financial flexibility?
Giovanna Gonzalez is the author of Cultura and Cash, in which she shares her journey as the daughter of Mexican immigrants and the money scripts she needed top rewrite as an adult to claim financial security.
Dorethia Kelly, nationally-acclaimed financial expert and author of #MoneyChat, joins to help answer your financial questions, including what to discuss with your partner *before* getting married, and the risks to using a life insurance loan to pay off a student loan.
Georgia Lee Hussey, the co-founder of Modernist Financial, helps answer audience questions about student loan repayments (should I pay them down fast or not?), the most tax-efficient ways to invest for retirement, and what to do when a male co-worker earns more than you?
This week's Ask Farnoosh covers leveraging the equity in a primary home to buy a second property, how to choose a CPA, whether to invest in a Roth IRA or pay off high interest student loans, and the risks that come with parents helping their adult children pay down debt.
Listeners want to learn about the best tax-wise way to invest for retirement, the places to save (CDs or I Bonds?), whether short or long-term disability leave can hurt your chances of qualifying for Public Service Loan Forgiveness and whether it's wise to buy universal life insurance.
On today's show: benefits of a financial adviser, managing savings ahead of buying a house, FAFSA fun facts and a crazy but true strategy for affording a pricey prescription not covered by insurance.
A listener asks about timing her 401(k) rollover so that she avoids losses. Also, what's the best way to establish credit in college: open a credit card or get a student loan? A listener also wonders about the best ways to pay for a full-time caregiver for her baby.
