Radical Personal Finance: Financial Independence, Early Retirement, Investing, Insurance, Financial Planning

Today's show rounds out a special series of live Q&A shows. Today we cover:

  • 1:20 Should I put more money into my retirement plan or buy a house?
  • 18:45 Can I use a donor-advised fund as a smart way to get a bigger tax deduction for my contribution to my local church?
  • 32:30 Should I move from a commission-based job to a salary job which also means a salary cut?
  • 39:10 Should I buy a joint universal life insurance policy to protect my new baby?
  • 1:10:00 Should I keep an India-based whole life insurance policy now that I'm a US resident?

Enjoy the show!


Direct download: RPF0491-QA.mp3
Category:podcast -- posted at: 8:52am MDT

I've been doing a live Q&A series...today we cover these:

  • 1:24 - Can I Pay for My Seminary Degree with Early Distributions from a Retirement Account?
  • 13:30 - Can I Still Become Financially Independent if We Move to Paradise First?
  • 25:45 - Should We Sell our Rental House Two States Away or Plan to Move Back to It In Order to Get the Tax-Free Gains on a Future Sale?
  • 37:45 - Are Healthcare Sharing Ministries Like Samaritan Ministries Any Good?



Direct download: RPF0490-QA.mp3
Category:podcast -- posted at: 10:22am MDT

As we all watch and process the mass shooting in Las Vegas this weekend, I thought it would be appropriate to share a few lessons learned.

I always try to process an event like this with an eye towards the lessons I can learn.

The tactical situation in Las Vegas was impossible. I don't think you could imagine a worse situation to be in as a concert-goer. An absolute nightmare.

But, I do have a few thoughts that I think can help. And since I don't hear anyone sharing anything practical, here are my suggestions.

If you have additional practical, actionable ideas, I'd love to hear them.


Direct download: RPF0489-Lessons_from_Las_Vegas.mp3
Category:podcast -- posted at: 9:30am MDT

I'm hosting a special Q&A series this week which is open to the entire listening audience.

Today we tackle:

  • What Should I Do With a Large Bonus?
  • How Can I Counsel a Young Lady Who Is Using Her Earnings to Support Her Poor Mother?

If you'd like to call in for tomorrow's show, here are the details you need to know.


Direct download: RPF0488-QA.mp3
Category:podcast -- posted at: 12:01pm MDT

On Friday's, we do Q&A for our Patrons! Today, we cover:

  • Should I Use a Whole Life Insurance Policy as My Retirement Bridge?
  • Should I Concentrate All of My Investment Accounts With One Manager?


Direct download: RPF0487-Friday_QA.mp3
Category:podcast -- posted at: 2:01pm MDT

I feel like I owe it to you to keep you semi-current on the state of tax policy in the USA. But, it's too early to have any serious details about the current Republican proposals.

I thought instead we could have a useful philosophical discussion about taxation. My challenge to you today is to answer these questions, for yourself.

  • Do you believe that a civil government has the moral right to tax an individual's income? Why or why not?
    • Do you believe that the US civil government has the constitutional right to tax an individual's income?
  • If you believe that a civil government does have this right, how much of a person's income can they claim? What's the right number and how would you know?
  • Do you believe that everyone should be required to pay income taxes?
  • Do you believe that some people should be treated differently than others and so be ordered to pay a different rate of income tax than others? Why or why not?
    • If so, how would we determine who should be treated differently and how much of a difference there should be?
  • Do you believe that government tax policy should be used to incentivize certain behaviors or to dis-incentivize other behaviors?
    • If so, how would we know what behaviors should be incentivized and which ones shouldn't?
  • Do you believe that tax policy should be used to give some people special benefits because of certain behaviors?


Direct download: RPF0485-Questions_on_Taxation.mp3
Category:podcast -- posted at: 1:31pm MDT

Today's question involves a generous financial gift from an in-law. How should this listener handle it to make sure it's a blessing and not a curse?


Direct download: RPF0484-Money_Gifts_from_In-Laws.mp3
Category:podcast -- posted at: 8:55am MDT

I'm just wrapping up a week and I've been off the mic for all of it due to being sick.

Wanted to share with you a short motivational monologue to encourage you to keep pressing forward in the challenges you're facing today.

This too shall pass.


Direct download: RPF0483-This_Too_Shall_Pass.mp3
Category:podcast -- posted at: 1:34pm MDT

I've been sick most of the past week and am especially struggling with my throat/voice. When Joshua no speak, RPF no happen. (And of course that's a good reminder of the value of disability planning!)

So, in light of the Equifax breach, I'll issue this replay for you. If you skipped this episode when it originally aired as Episode 461, don't skip it now.




Direct download: RPF0461-Justin_Carroll_Interview-RE-release.mp3
Category:podcast -- posted at: 2:48pm MDT

Today we tackle the Equifax security breach. This is the most damaging release of personal information ever. And you need to take it seriously.

You must assume that you have been affected. At this point, I see no reason to even trust the official Equifax website. Here's why.

Direct download: RPF0482-Equifax_Breach.mp3
Category:podcast -- posted at: 11:18am MDT