EP166 – Which investment fund is best during recessions; The correct way to build up your emergency fund; Best way to fund that IRA

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Great questions sent into us this week with a common theme around the rising cost of living, looming inflation, gas prices, housing markets, stock market and more. We have received so many positive comments about these episodes. If you have a question for us please email to

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Question about Baby Step 3. If you OWN an asset (gold, RV, motorcycle, etc) and even if you had to “fire sale” it you could still make 10-20K, can you count that toward BS3? Or does it all have to be CASH?

My experience has been 401K’s don’t have as much investment opportunities for growth that you have with an IRA (Traditional or Roth) through Fidelity or Vanguard. If a couple exceeds the AGI max income in a given year, is there any other tax friendly place to invest for retirement and/or a way to reduce taxable income?

Just opened a Roth IRA yesterday with fidelity and maxed out contributions for 2021 & 2022. Any recommendations on mutual funds I should invest in? What are some favorites

Question for everyone: Is it better to fund your roth ira all at once (one $6K lump sum) or fund it with regular, smaller payments throughout the year? Does it even  matter? Assuming you have the funds on hand to do a lump sum contribution, of course.

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