Episode 10: Where Should Your Next Dollar Go? The Waterfall of Wealth Strategy
Extra money this month and no idea where it should go? Where you put each dollar matters almost as much as how much you save.
In this episode, Justin Chastain, CFP®, walks through the Waterfall of Wealth: the eight steps he starts with for most families and business owners. Fill one bucket and it spills into the next, from capturing your full employer match and paying off high-interest debt, to investing your HSA, funding a Roth IRA, maxing your 401(k), and using the mega backdoor Roth, solo 401(k) or cash balance plans if you own a business. Plus, when the order should change for you.
Have a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.