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Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs | Sean Mullaney | Ep 447

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In this episode: financial advisor breakups, I bonds, the 4% rule, second generation FI, Roth IRAs, and the listener mailbag.

Breakups are hard, but breaking up with a financial advisor can be harder given the minutia that is often involved in doing so. It’s good to have friends to lean on in times like this, which is exactly why we have the FI Tax Guy himself Sean Mullaney with us to help! Listen along as he and Brad dip back into the listener mailbag this week and discuss a myriad of topics submitted by YOU the listener!

The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual.

Sean Mullaney:

Timestamps:

  • 0:43 – Introduction/Breaking Up With Your Financial Advisor
  • 15:13 – The Taxable Nature of Financial Breakups
  • 22:11 – I Bonds
  • 29:12 – The 4% Rule and Age
  • 35:40 – Second Generation FI and Accounts
  • 43:48 – Early Roth IRA Conversions
  • 48:18 – Roth IRA’s and 5-Year Rules
  • 57:24 – Conclusion

Resources Mentioned In Today’s Episode:

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Choose FI has partnered with CardRatings for our coverage of credit card products. Choose FI and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. American Express is a ChooseFI advertiser. Disclosures.
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