Friday Q and A: Retirement Distribution, Life Purpose, Re-Balancing Bond Funds, Pre-Paying Mortgages, Paying off CC Debt, Applying the Trivium to a New Job, Dental Insurance, and Switching Custodians RPF0103
It's Friday! Today, I have a Question and Answer show for you
and I've decided to handle a bunch of your questions. I felt like I
cheated you last week by only answering 3 questions.
(6:27) How do I calculate a portfolio
distribution amount that retains 50% of my portfolio at my
death?
(20:31) Is it ok to keep money in cash or
do I need to invest right away to start getting compound
interest?
(40:21) How do I rebalance my accounts to
get a proper bond allocation?
(52:28) Should I pre-pay my mortgage in a
lump sum or should I invest the money and then make extra monthly
contributions?
(1:02:12) I have an unpaid medical bill
and CC debt. What do I do?
(1:12:04) How do I apply the trivium
method to a new job?
(1:30:01) Any tricks for how I can pay
for a big dental bill in a better way?
(1:42:25) How do I figure out whether I
should switch custodians for my investment accounts?
Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.