State Income Taxes, Retirement Account Tax Issues, What Is a Short-Term Investment – Your Listener Questions – MTI158


State Income Taxes, Retirement Account Tax Issues, What Is a Short-Term Investment – Your Listener Questions – MTI158

Listener questions again? Yes, and we love it so keep them coming!

Today we talk about making personal finance decisions when your state raises their taxes and can’t balance their budget, where to invest when you are maxing out a ROTH, and more.

Drew says his state’s taxes increased and their finances are a mess. How should I consider my personal finances in this situation?

Rod is contributing to both his employer’s 401(k), maxing out a ROTH IRA, and has a brokerage account with more options. Should I contribute more to my 401(k) and less to my brokerage account?

Jane and her husband have no debt. They live in a travel trailer and visit family for 3 months of the year. Assuming an 8 percent return, we should be able to retire at age 48 and my husband at 52. We are saving for a newer used vehicle when it’s time for replacements. Should we put the money into investments or savings?

Collum from Ireland wants to know what we consider long and short-term savings, specifically for things like a summer holiday, a car purchase in 3 years, a house in 7 years, and a child’s college in 18 years.

Today’s episode is sponsored by BUZZ Index



Today’s Panelists

Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit |
Joe Saul-Sehy | Stacking Benjamins


For a quick bio of each of our show participants, head on over to our panelists’ page.

Send us your questions for a future Listener Letters episode


About our sponsor, BUZZ Index

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