Live w/Jim & Anna Episode #14

Live w/Jim & Anna Episode #14

Questions discussed in this Episode:


1. I’m saving for a house down payment and a new car. Where do I put this money?

2. My insurance agent thinks I should invest in an annuity that starts in my mid-80’s in case I live too long. What do you think?


1. Our plan to purchase a new larger home in 4-5 years. We have been thinking about that and based on current housing prices we think it would be much more cost effective to just add on to our current house.:

If the addition is estimated around $50k-$60k where should we plan to get that cash from?

-Home equity line of credit

– investment accounts

– cash in emergency fund

Second: If we are thinking of doing this next Spring we have some time to change where we put our monthly surplus cash. Right now that’s averaging around $2,000/mo.


2. I recently inherited small sum of money and wanted to put it in a separate place along with our emergency fund. Any recommendations for money market funds? All the interest-rates look pretty low and few have check writing ability. Any recommendations?

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.

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