Tag: 401k

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QA9: What Is the Point of Financial Optimization?

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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QA8: What If We Run Out of Water?

We’re back to the digital mailbag to answer your questions!

For this week:

  • Thoughts on the bear market
  • Getting invested with a Health Savings Account
  • Paying for education with retirement accounts
  • My philosophy on rest from climbing
  • How to develop financial mentorship in the climbing community
  • Travel and rescue insurance ideas
  • Determining a cost-effective approach to climbing destinations
  • Should I open an IRA if my employer doesn’t offer a 401(k) match?
  • How to not get wrecked moving from sport climbing or bouldering to trad climbing
  • The risks of owning property in an area that could be running out of water
  • Getting a home loan with inconsistent income history
Continue reading “QA8: What If We Run Out of Water?”
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QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters

We’re back to the digital mailbag to answer your questions!

For this week:

  • Does the 401(k) max include employer contributions?
  • Should I invest in my 401(k) or pay down my mortgage early?
  • What about Fidelity’s zero expense ratio fund, VZROX?
  • Investing tips for a Health Savings Account
  • Do you write off business expenses for Clipping Chains?
  • How and when do you pay yourself from investments?
  • Winter climbing in St. George, Utah
  • Big life expenses and expectations when pursuing financial independence: children, weddings, etc.
  • Mandatory pension contributions vs DIY investing
  • Front-loading savings without going for full financial independence (Coast FI)
  • Climbing plateau busters
Continue reading “QA7: Financial Freedom Fast-Tracks and Climbing Plateau Busters”
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Your Questions Answered: Volume 6

Hello! We’re back in the digital mailbag to answer your questions.

In this Q&A episode we take a hard look at inflation, the reality of a bear market, tactics for balancing a career and climbing, saving for a home down payment, my dream interviews, the pros and cons of maxing out retirement plans, cryptocurrency, financial advisors, and traveling the world for cheap. And of course, so much more.

Continue reading “Your Questions Answered: Volume 6”
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EP 5: Diana Crabtree Green: Pay Yourself First

Today I bring you a discussion with Diana Crabtree Green, a rock climber and now part-time Certified Public Accountant (CPA) with more than twenty years of experience in personal finance and tax.

Diana is another one of these climbers that I didn’t think existed in large numbers when I started this project three years ago: Diana and her husband could technically be retired in her 40s. But they both continue to work, at least part time. We’ll discuss why they’ve chosen this balanced approach.

Learn how outdoor enthusiasts are primed to get the ball rolling.

Continue reading “EP 5: Diana Crabtree Green: Pay Yourself First”
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Chelsea Murn: Wellness for All

This week I’m happy to bring you a conversation with Chelsea Murn, a 28-year-old climber, health coach, and dog-mom from Spokane, Washington.

I don’t exactly remember how, but I stumbled on to Chelsea’s profile on social media (Instagram actually). Over the months I’ve noticed that she has a drive to be more than just a typical psyched climber. She’s working to build a career around her passions of nutrition and health. But Chelsea fully recognizes that doing so requires a careful balancing act with a properly paying day job and her own climbing performance objectives. Many of you out there are trying to navigate that balance.

I also couldn’t help but notice Chelsea’s occasional discussions of money online. As we’ll touch on below, Chelsea is living a life familiar to millions of young (and old) Americans, and she’s taking action to gain the upper hand:

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Part 2: The CC Family Investing Strategy

Wat Dok Ueang, Chaing Mai, Thailand

Investing Strategy: Where Exactly is Our Money?

This is Part 2 in a series. Check out Part 1 for our investing strategy and asset allocation.

Now you have a sense of our investing strategy in terms of asset allocation, but that’s not helping you get started. Let’s take a look at some common investment “buckets” and how we are dividing out our investments.

It’s easy to get lost in the details, so let’s break it down to the basics right up front. No more paralysis by analysis. Below are our top five pillars of a sound investing strategy.

Continue reading “Part 2: The CC Family Investing Strategy”
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