Q&A: Why 3 Years Is a Weird Timeline for Money

About this episode

Listeners ask about saving strategies for specific goals, retirement planning, and structuring a new business.

#702: Olivia is saving for a specific three-year goal and wants to know whether a money market fund is the right place to store that cash, or if a traditional savings account would be safer. Robert is planning to retire early in the next few years and is trying to decide whether to prioritize building taxable investments or continuing to grow Roth accounts. And finally, we’ll hear from a listener with nearly 30 years of experience in social work who wants to open an adult day center in a rural area where services for disabled adults are extremely limited—but isn’t sure whether to structure it as a nonprofit or a for-profit business. We’ll tackle all of that on today’s episode. Enjoy! Share this episode with a friend, colleagues, and Conan O'Brien: https://affordanything.com/episode702 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Topics covered

• money market fund
• savings account
• taxable investments
• Roth accounts
• nonprofit
• for-profit business

Keywords

• financial planning
• retirement
• adult day center
• social work

Mentioned in this episode

Products: money market fund, traditional savings account, taxable investments, Roth accounts

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