Ask Paula: How to Think About Finances at the 30,000-Foot Level

<p>#318: Joe is a new real estate agent and he’s looking for ways to save. Is opening a SEP IRA a good account when you’re no longer a W2 employee?</p> <p>Grace has a similar concern: she’s a tutor, but she’s paid as a contractor. Should she forget about her Vanguard brokerage account and open a SEP IRA or Solo 401k?</p> <p>Kim is newly divorced and celebrating the freedom to make her own financial decisions. She’s struggling to make a living -- also as a new realtor -- and wants to get started with real estate...but how can she do that on limited funds?</p> <p>Kim also wants to know: should she move her funds from an actively managed Fidelity IRA to a Vanguard Roth IRA?</p> <p>Chaz is 22 and has $2,100 - $2,500 left each month to put toward savings. Where should he keep this money if he’d like to move out-of-state in the near future?</p> <p>Anonymous just got a raise, and while awesome, it might push her income to a level that prohibits her from making full Roth IRA contributions. Should she make a partial contribution this year, or start adding money to a Traditional IRA to do a backdoor conversion?</p> <p>My friend and former financial planner, Joe Saul-Sehy, joins me to tackle these questions. Let’s dive in!</p> <p>For more information, visit the show notes at <a href= "https://affordanything.com/episode318" target="_blank" rel= "noopener">https://affordanything.com/episode318</a></p>