1:45 - How can I give nice gift to people who are poorer than I am without creating a power imbalance?
15:20 - Can I contribute my salary into a 401(k) plan for my wife in order to maximize our retirement account contributions?
28:05 - How can I protect my non-qualified investment accounts that are exposed to the claims of creditors?
44:30 - I don't "need" term life insurance because I'm financially independent. Should I still buy some?
51:00 - I'm following Dave Ramsey's baby steps and am almost out of debt; should I store up my emergency fund in a Roth IRA?
56:00 - I want to buy an investment that will pay for my new car instead of just burning all my cash on the car. How do I do that?
(For the context of any time-relevant comments relating to current events, this Q&A was recorded on 12/19/2018.)
What do you think would happen to a mother of 12 who was widowed at a fairly young age and whose husband didn't have any life insurance? Could she survive? If so, how?
Today, I want to share with you the story of a friend of mine who went through that precise circumstance. I hope you enjoy it!
I recently worked with a consulting client who had this problem: because of a previous (serious) cancer diagnosis, he is unable to qualify for life insurance. How can he protect his family in case he dies soon?
I thought it a really interesting challenge. And since I've thought a lot about this particular problem, I thought I'd go ahead and share my thoughts with you.
It's Friday! That means Q&A! Today, we cover:
Friday Q&A today! We cover:
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