Live w/ Jim & Anna: Episode #15

Live w/ Jim & Anna: Episode #15

MainStreet Financial Planning
Live w/ Jim & Anna: Episode #15

1:07 – My high income earning husband died at the age of 57. I am 62 now, I want to retire. Should I apply for social security widow’s benefit, or should I take my own?

3:10 – Should we take out our home equity line of credit or just do a cash out refinance since we need $30,000 or so for an addition on the house?

6:47 – I have to make money out of my IRA and I’m past 59 and a half. Do I have to pay taxes on my withdrawal? My custodian says I have a choice to do withholding on these taxes or not to do it.

9:10 – Why bother with rebalancing if my portfolio is throwing off plenty of income as is? It’s just a risk management method, not a growth strategy. If I can stand the risk, does it make sense to let it ride?

13:15 – Is it best to have an emergency money fund account in a recipe with a greater amount percentage in stocks than bonds or vice versa?

Linked In:

Anna Sergunina
Anna Sergunina

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

Get Started with Anna

Stay updated on future articles, shows, and podcasts