Tag: education

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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
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Student Loan Forgiveness: Here’s What You Need to Know

This week the Biden administration announced the Student Debt Relief Plan. This controversial piece of legislation is a historic student loan forgiveness program for college students, providing relief of up to $20,000. Importantly, many will be able to erase all student loans!!

Regardless of opinions on the matter, here’s what you need to know, and most importantly, what you need to do.  

Even if you don’t have student loans, help spread the word on this time-sensitive opportunity.

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The Frugal Professor: Let’s Get Deep in the Weeds

Frugal Professor Interview

Alrighty, folks. This week I’m pleased to bring you a low-down-and-dirty financial deep dive with climber, writer, father of five, and lover of personal finance: The Frugal Professor. In this interview, we hold our breath and plunge into complex issues surrounding actually spending all this money we save for periods of no traditional income, meanwhile navigating the treacherous, shark-infested waters of the US healthcare system.

I’ve always said that saving and generating wealth is shockingly simple once some key concepts are understood, implemented, and doggedly followed, through thick and thin. And I’m sticking to my story.

What is not so straight-forward, however, is threading a very fine needle on living off the money we’ve saved. In a period of no traditional income⏤call it “retirement” if you want⏤we shouldn’t be just selling shares and calling it a day. We have to optimize healthcare spending, minimize taxes, and avoid early withdrawal fees and penalties meant for a much more traditional retirement.

But with a little planning, it ain’t no thang.

Let’s roll up our sleeves with the Frugal Professor and get a little dirty, shall we?

Continue reading “The Frugal Professor: Let’s Get Deep in the Weeds”
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