Chris, age 30, makes $200,000 per year and saves 50 percent of his income. What accounts should he use in order to maximize his tax benefits?
Dee, age 39, is getting tired of apartment living. She found a great neighborhood in which she’d like to own a home, and she’s saving for a 20 percent downpayment. But she’s nervous about the high cost of home maintenance. How can she deal with this?
Chelsea just moved into a new house with her husband. He purchased the house outright, in cash, and she wants to pay him so that she can share in the home’s ownership and equity. But she also has student loan and credit card debt. Should she make progress towards all three of these goals (build equity, pay off student loans, pay off credit cards) at the same time? Or should she prioritize one — and if so, which one?