Live w/Jim & Anna, Ep. 25: Last Episode

Live with MainStreet

Live w/Jim & Anna, Ep. 25: Last Episode

Q/A: Home Equity in Retirement, Home Warranty & Auto Premium Increase

Questions discussed:

  1. I just purchased a new car and my insurance premium increased. What can I do to lower it down?
  2. Should I cash out my traditional IRA to help pay down for my student loans? I just graduated and have $36,000 in student loans. My IRA balance is $10,000.
  3. ‍Should I plan on using my home equity in retirement?  I saw a story on this recently
  4. ‍I've been paying what is now $550 a year for a home warranty plan for the past eight years. Should I continue paying or just save the money for an HVAC system in the future which I think might be my  biggest expense?
  5. ‍ If I change a 529 college savings plan from one state to another, do I have to pay any tax or fees?
 
Anna Sergunina
anna@adviceonly.net

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.

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