EPISODE · Jan 6, 2021 · 14 MIN
081 - What Should I Do When I Receive a Windfall?
from Real Personal Finance · host Scott Frank and James Conole
In this episode of the podcast, we have a listener question: I am about to come into a decent sum of money from selling a rental property. I’m 30 years old, invest 22 percent into my 401k (that has a balance of 45k currently). My plan was to invest this money in a total market index fund and an international index fund. Is this my best option? I also have a house that I owe about 215k on. Thank you in advance! Planning Points Discussed Tax Planning Investment Strategy Real Estate Asset Allocation Other Issues (Emergency Fund, Financial Goals, Estate Planning) Timestamps: 1:00 - Shoutout to the Listener Question 5:00 - When Should I Start Investing After Receiving A Large Sum? 6:20 - When Does A 1031 Exchange Make Most Sense? 7:35 - Where To Start When Making An Investment Plan? 8:18 - Refinancing Your Home & Interest Rates 12:05 - Having An Emergency Plan LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here
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In this episode of the podcast, we have a listener question: I am about to come into a decent sum of money from selling a rental property. I’m 30 years old, invest 22 percent into my 401k (that has a balance of 45k currently). My plan was to invest this money in a total market index fund and an international index fund. Is this my best option? I also have a house that I owe about 215k on. Thank you in advance! Planning Points Discussed Tax Planning Investment Strategy Real Estate Asset Al...
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081 - What Should I Do When I Receive a Windfall?
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