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'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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