Episode 113: Maslow's Hierarchy of Needs

We're back with a new Our 2 Cents podcast episode. As mentioned last week, we're diving into the world of Maslow's Hierarchy of Needs and discussing how we feel it relates to money and finances. Then, we're giving a quick update on the future of tax filing and rounding out the show with some listener questions.Maslow's Hierarchy of Needs:We're dissecting Maslow's Hierarchy of needs and sharing how it applies to your every day life.What does it have to do with your money?<What are the financial parallels with the pyramid tiers and how do your finances impact you in each level?"Tax Filing Should Be Simple":The Inflation Reduction Act included $15 million for the Treasury Department to study the development of a free federal tax-filing system.What could this mean for the future of tax preparation and filing in our country?Listener Questions:"I'm almost 60 years old and I don't have any money yet in Roth IRAs. Should I start converting some IRA money to Roth over the next few years?" - John"I'll be inheriting about $250,000 after we settle my mother's estate in the next few months. I could use this money for a lot of different things like paying off debt or saving it for my own retirement. But part of me feels uncomfortable using my mom's life savings to clean up my mess. Do you have any suggestions for how to navigate this?" - Don