Transcript: Easan Arulanantham: So, in the past, we’ve talked about expenses to plan for in retirement, but what are some expenses that kind of disappear when I retire? Tom Vaughan: Ah, that’s a good one, actually, because kind of interesting, there’s quite a few, you know, I’ve seen clothes go down, you know, because you
Transcript: Easan Arulanantham: So this is a kind of a state planning question. If something were to happen to me, How does my family know where everything is and how to access any of my assets and benefits I might leave behind. Tom Vaughan: Okay, so this is actually really interesting, because this is something
Transcript: Easan Arulanantham: Unemployment came in at four, which 4%, which was up from 3.9. But there’s so many jobs added, how does that work out? Tom Vaughan: Yeah, so we had more jobs and unemployment went up. Right? That doesn’t seem like it matches together. The I think the issue really is, first of
Transcript: Easan Arulanantham: Should I be paying down debts? Or should I be investing to you know, have some extra cash flow? Should I be investing that into the market? Tom Vaughan: Yeah, that’s a great question kind of the opposite of what we just said, right? So, hey, my mortgage is at 3%. Just
Transcript: Easan Arulanantham: So one common issue in the barrier is that we’re kind of, we have a massive amount of our money or net worth in our home equity, should I ever? And should people ever consider tapping into this home equity in retirement? Tom Vaughan: Yeah, it comes up all the time here.
Transcript: Easan Arulanantham: Is there ever too much money in like a bank savings account? Or like a high yield savings account? Not in the market? And are there any rule of thumb that you should follow? Tom Vaughan: Yeah, well, there’s rules of thumb, and then there’s just what really happens. So, I’ve been
Transcript: Tom Vaughan: Do you do my pensions keep up with inflation, especially in like a high inflation or environment like now? Yeah, we see a lot of different pensions. You know, they’re not as common as they used to be used to be that kind of private pensions like IBM and GE, and what
Transcript: Easan Arulanantham: For the last couple of weeks, we’ve been talking about Roth conversions. And so, first question is, you said, when you do a Roth conversion, you should pay the taxes from another source? Why can’t you use some of the funds that is being converted to be used for taxes? For example,
Transcript: Easan Arulanantham: So when we’re talking about rebalancing, um, how’s the account, like taxable type, like really affect these rebalances? Because if I was in a taxable account, I don’t feel like I could be selling and buying as much. Tom Vaughan: Yeah, that’s exactly right. So we can do rebalance things on a
Transcript: Easan Arulanantham: As an investor, like how do I like stay patient and calm with this volatile market? Because the last couple years are just been going up. And I look at my statement, and it’s always positive, but now we’re starting to see a little bit more red. Tom Vaughan: Yeah, it’s gonna