Supporting Loved Ones Without Derailing Your Retirement, Ep # 254 - a podcast by Benjamin Brandt CFP®, RICP®

from 2022-07-25T08:00:32

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Many of us have financial goals that extend beyond ourselves to include friends and family. Doing so can be an enormous help to those you love, but it is important to consider your own financial well-being in conjunction with that of the ones you want to help. Today, we’ll look at an article that explores how to intentionally offer financial support to your loved ones without deviating from your financial goals.

The article that we’ll look at comes from Sophia Bera at GenYPlanning.com and it takes a different approach to a timeless topic. Approaching issues from a different angle can give you a new perspective.

In the listener questions segment, we’ll discuss two questions: one about inverse ETFs and another about the specific mechanics of doing a Roth conversion. Make your voice heard by completing our annual listener survey!

Outline of This Episode

[3:12] Money is a team sport
[10:54] Create healthy boundaries
[13:24] My thoughts on inverse ETFs in a declining market
[16:54] Should Dave rebalance first before making a Roth conversion?

Resources & People Mentioned

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