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1908: Ask Farnoosh: HELOCs, FSAs, Early 401(k) Withdrawals & Helping Aging Parents

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Manage episode 520546045 series 1315400
Content provided by Farnoosh Torabi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farnoosh Torabi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week’s Ask Farnoosh pulls together some of the most revealing financial stories of the week, grom pandemic-era homebuyers now feeling “locked in” by their ultra-low mortgage rates, to Gen Z putting marriage, kids, and career plans on hold until they can afford a home. Farnoosh also breaks down an under-the-radar proposal from the CFPB that could weaken anti-discrimination protections in lending, a shift that could impact mortgages, auto loans, credit cards, and small-business financing.


Then, she heads to the mailbag to answer listener questions:

  • Should you borrow more on a home-equity loan to protect your savings during a renovation?
  • How can a self-employed spouse take full advantage of a healthcare FSA?
  • What exactly is the IRS “contract” that lets you withdraw from retirement accounts early? (Hint: SEPP/72(t) and the Rule of 55.)
  • And if you’ve bought a home for your parents, are you putting your own retirement at risk?


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1945 episodes

Artwork
iconShare
 
Manage episode 520546045 series 1315400
Content provided by Farnoosh Torabi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Farnoosh Torabi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week’s Ask Farnoosh pulls together some of the most revealing financial stories of the week, grom pandemic-era homebuyers now feeling “locked in” by their ultra-low mortgage rates, to Gen Z putting marriage, kids, and career plans on hold until they can afford a home. Farnoosh also breaks down an under-the-radar proposal from the CFPB that could weaken anti-discrimination protections in lending, a shift that could impact mortgages, auto loans, credit cards, and small-business financing.


Then, she heads to the mailbag to answer listener questions:

  • Should you borrow more on a home-equity loan to protect your savings during a renovation?
  • How can a self-employed spouse take full advantage of a healthcare FSA?
  • What exactly is the IRS “contract” that lets you withdraw from retirement accounts early? (Hint: SEPP/72(t) and the Rule of 55.)
  • And if you’ve bought a home for your parents, are you putting your own retirement at risk?


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1945 episodes

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