We’re back to the digital mailbag to answer your questions!
For this week:
- Hot Seat Questions: My favorite blogs, podcasts, articles, and books. Musings on my biggest financial mistakes and the advice I’d give my younger self.
- How do my wife and I keep meaning and purpose in our lives without traditional careers?
- To sell or not to sell a home that was purchased in 2021
- How to sell investments and minimize taxes
- The proper hierarchy of investment accounts
- Roth vs Traditional 401(k): Which is better?
- I-Bonds: Should we be buying more?
- Saving strategies for a home down payment
- Receiving inheritance in a foreign currency
- Critical nuance on withdrawal strategies in a high inflation/poor market return environment
- So much more!
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Previous Q&A Posts
Your Questions Answered: Volume One
Your Questions Answered: Volume Two
Your Questions Answered: Volume 3 (Podcast)
Your Questions Answered: Volume 4 (Podcast)
Your Questions Answered: Volume 5 (Podcast)
Your Questions Answered: Volume 6 (Podcast)
QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters (Podcast)
QA8: What If We Run Out of Water? (Podcast)
Q1: Hot Seat Questions: My favorite blogs, podcasts, articles, and books. Musings on my biggest financial mistakes and the advice I’d give my younger self. (00:02:59)
The Shockingly Simple Math Behind Early Retirement (Mr. Money Mustache)
Bowling Alone: Revised and Updated: The Collapse and Revival of American Community (Robert Putnam)
Crux Conditioning, Chattanooga, TN
Q2: Should I sell a home I just bought in 2021? (00:09:58)
Capital Gains Tax on Home Sales (Investopedia)
Q3: How do I withdraw money from an index fund and pay as little in possible on taxes? (00:16:43)
Three Mistakes to Avoid When Making a Large Portfolio Withdrawal (Schwab)
IRA FAQs (IRS)
Q4: What are the pros and cons of Roth 401(k) vs Traditional 401(k)?(00:21:15)
Your Questions Answered, Volume Four (Clipping Chains)
The Bold And Beautiful Roth Conversion Ladder (Clipping Chains)
Q5: Am I going to buy more I-Bonds next year and are they appropriate for an emergency fund? (00:24:37)
I-Bonds: A Novel Way to Save Cash (Clipping Chains)
Q6: Nearly 3 years into financial independence… What now gives you purpose, and has that changed since the first year of financial independence? Same question for your wife! (00:28:29)
Eudaimonia: Key Pillars of the Meaningful Life (Clipping Chains)
The Anticipation Of The Thing Is Greater Than The Thing (Clipping Chains)
Seven Lessons From Two Years of Financial Freedom (Clipping Chains)
Q7: An investment account hierarchy case study (00:33:15)
Required Minimum Distributions Rules (IRS)
The CC Family Investing Strategy, Part 2: Where Exactly Is Our Money? (Clipping Chains)
Q8: “I’m receiving inheritance in Euros but I live in Canada. What should I do?” (00:38:18)
Investing with Vanguard for Europeans (JL Collins)
Q9: What is the best option for a high-interest savings account when saving for a home down-payment? (00:41:37)
Best High-Yield Savings Accounts (Doctor of Credit)
11 Best Savings Rates of December 2022 (Nerd Wallet)
Q10: What about Fidelity’s In-Plan Roth Conversion? (00:47:50)
The Bold And Beautiful Roth Conversion Ladder (Clipping Chains)
Fidelity White Paper on In-Plan Roth Conversions
Fidelity Just Industrialized the Mega Backdoor Roth (Reddit — I can’t vouch for forum debates/advice!)
Q11: Thoughts on market downturns, inflation, retirement income streams (pension, etc.), and how we can adjust our withdrawal strategies to preserve wealth at all retirement durations (00:53:14)
Can The 4% Rule Actually Work For Early Retirement? (Clipping Chains)
But I Don’t Want to Be Frugal (Clipping Chains)
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