#84: This week, I tackle your questions with my good friend, recovering financial planner Joe Saul-Sehy. Here's what we answer: 1. I'm asking for a friend -- no, really, I'm asking for a friend! My friends are married and buried. They're a married couple, buried in $500,000 of debt. Some is federal student loans, some is private student loans, and some is credit card debt. They're paying the minimum on their student loans, with the hope that these loans will be forgiven after 25 years. They're also saving money in their retirement accounts. Is this a terrible plan? Should they stop saving for retirement while they wipe out their student loans? If so, how can I convince them? 2. My husband and I are both 30 and live in Ft. Collins, Colorado. We don't plan on having children. We know that long-term care insurance gets more expensive as you age. Should we buy this insurance now? Or can we self-insure for this through adequate retirement/investment funds? 3. I own my home free-and-clear, and I'm buying a second home. Should I take a cash-out refinance on my primary home? Get a conventional loan from the bank? Or something else? 4. My wife, 4 children and I live in the San Francisco Bay Area. We have $5,000 in credit card debt, which we've paid down from $30,000 in the last two years. We owe $20,000 on a minivan and $18,000 on student loans, both of which have 2-3 percent interest rates. We have two IRA's, one Traditional and one Roth. I also have about $20,000 in my company's non-matching 401(k). Should I focus my future investments on Traditional or Roth accounts? What accounts should I use when saving for my children's college funds? 5.  I'm curious about your own investments, Paula. What's under the hood? __ Thank you to everyone who left a comment after last week's show. I'll talk more about these amazing responses at the end of Episode 85 (next week's episode.) For now -- enjoy today's show! Thanks! Show notes can be found at http://affordanything.com/episode84 Learn more about your ad choices. Visit podcastchoices.com/adchoices

#82: Welcome to another Ask Paula episode! This week, I answer three real estate questions: #1: What criteria do you use when you’re shopping for an investment property? What qualities make you say, “heck yeah I’m buying this!!” — and what qualities make you say, “No way!” #2: I enjoy renting my personal home, but I still dream of investing in rental properties. Does it make sense to buy a rental property, even while I’m still a renter myself? #3: I’m a 45-year-old actress, and my income probably won’t qualify me for conventional bank financing for an investment property. But I already own a property with a lot of equity. Should I tap that in order to buy another rental? Or look for a private loan? Enjoy!   For more Ask Paula episodes, visit http://podcast.affordanything.com/tag/ask-paula Want your question answered? Leave a message here: http://www.affordanything.com/voicemail  Learn more about your ad choices. Visit podcastchoices.com/adchoices