212: Finance Friday: When Should You Pause Your Retirement Contributions?

212: Finance Friday: When Should You Pause Your Retirement Contributions?

Starting a strong financial position in your youth is probably the most important thing you can do to hit financial independence. Sometimes that strong position includes maxing out retirement accounts, like Roth IRAs, 401(k)s, or even HSAs (health savings account), but sometimes, it doesn’t. Scott and Mindy talk to Kirsten about the potential option of pausing her retirement contributions to buy a duplex so she can house hack. While this may seem counterintuitive, pausing retirement contributions isn't always a bad thing. This is especially true if you’re trying to do something that will radically change your income or expenses, allowing you to invest more into retirement later on. This episode runs through house hacking, retirement contributions, FHA rules for owner-occupied loans, how to graduate with no debt, and when the best time to have a “money date” is. It doesn’t matter if you’re in your early 20s or mid-40s, these principles are key to having a financially successful life. In This Episode We Cover How to aggressively invest so you can retire young The importance of side-income and why you should have multiple streams of income Roth IRAs, 401(k)s, and HSAs (health savings accounts) Graduating from college debt-free Whether or not life insurance is necessary for young people Having “money talks” and “money dates” with your partner House hacking and using real estate to catapult your wealth And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(745)

How Regular People Can Achieve Coast FI in Their 30s

How Regular People Can Achieve Coast FI in Their 30s

Coast FI is a fascinating concept that's gaining traction in the financial independence community. And no, to Mindy's disappointment, it doesn't involve having enough money to live beachside (though t...

8 Elo 202540min

How to Reach Coast FIRE (The Relaxed Way to Retire!)

How to Reach Coast FIRE (The Relaxed Way to Retire!)

Tired of the extreme saving grind? What if there was a way to front-load your retirement savings and then "coast" to financial independence without the stress? In this episode of the BiggerPockets Mon...

5 Elo 202532min

How “Regular” People Can Achieve FIRE (Early Retirement) by 40!

How “Regular” People Can Achieve FIRE (Early Retirement) by 40!

Join hosts Mindy Jensen and Scott Trench as they sit down with Cody Garrett, a former musician turned financial planner who discovered the FIRE movement seven years ago and is now just four years away...

1 Elo 202548min

Are We Heading Into a Recession? J Scott Breaks It Down

Are We Heading Into a Recession? J Scott Breaks It Down

In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench are joined by real estate expert J Scott to break down the mixed signals dominating today's economic landscape. ...

29 Heinä 202552min

How to Fast Track Your Path to FIRE | The Wealth Ladder

How to Fast Track Your Path to FIRE | The Wealth Ladder

In this insightful episode of the BiggerPockets Money Podcast Mindy Jensen and Scott Trench delve into the practical steps for building wealth with financial writer Nick Maggiulli. They discuss his ne...

25 Heinä 202546min

How to Achieve Financial Independence in the Military

How to Achieve Financial Independence in the Military

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench, along with guest David Pere, delve deep into achieving financial independence while serving in the military. Th...

22 Heinä 20251h 8min

The Portfolio Strategy That Could Double Your Safe Withdrawal Rate

The Portfolio Strategy That Could Double Your Safe Withdrawal Rate

In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench welcome Frank Vasquez back on to challenge everything you thought you knew about safe withdrawal rates. Frank r...

18 Heinä 202553min

The Portfolio that Supports a 5% Safe Withdrawal Rate | Frank Vasquez

The Portfolio that Supports a 5% Safe Withdrawal Rate | Frank Vasquez

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench are joined by Frank Vasquez, host of the Risk Parity Radio Podcast. Frank introduces the concept of a risk pari...

15 Heinä 20251h 1min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rss-tarkeista-asioista-2
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-lahtijat
rss-rentotapaus
rss-sisalto-kuntoon
rss-seuraava-potilas
pomojen-suusta
sijoituspodi
rss-muutoksenanatomiaa-podcast
rss-uppoava-vn-laiva
rss-tyoelaman-timantteja