Real Estate in a Roth IRA

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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing 19 min 3 speakers 1 chapter transcribed 1 month ago
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Daniel (host) 0:00
Hey, this is Daniel. Thanks for listening to DIY Money. If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show. Now, enjoy the show.
Allie Howard 0:16
What's up, everybody? Welcome back to another edition of DIY Money.
Daniel (host) 0:21
DIY Money.
Allie Howard 0:22
Merry Christmas, Daniel.
Daniel (host) 0:24
It is Christmas.
Allie Howard 0:25
We're not... It will be Christmas.
Daniel (host) 0:26
Cutting this on Christmas, that would be awkward.
Allie Howard 0:28
That would be really bad. People would be furious.
Daniel (host) 0:30
That'd be commitment.
Allie Howard 0:32
To come in on Christmas?
Daniel (host) 0:33
And cut a podcast because we're so loyal to our listeners. Ho, ho, ho, everybody.
Allie Howard 0:40
Would you do it?
Daniel (host) 0:42
Yeah. I mean, at some point, Christmas gets boring, right?
Allie Howard 0:46
What? What do you do on Christmas where it gets boring?
Daniel (host) 0:49
There's a lot of downtime. You wake up, you eat a ridiculous breakfast, you open gifts, watch kids open gifts, do all that. And then there's just like chill where you're everybody contemplates like at what point during the day is it no longer appropriate to be wearing your Christmas pajamas?
Allie Howard 1:10
I've never contemplated that once.
Daniel (host) 1:12
You just go all day. I got the metal to the pedal and the thing to the floor. Yeah.
Allie Howard 1:17
Well, go, girl, go. I'll go until... So Christmas has changed a lot in my family's household. So I go to my parents for Christmas. And until the last few years, like the last three years, it's changed. But prior to that, Christmas was as follows. Wake up at the crack of dawn. See what Santa brought. Play with your toy as long as possible. Followed up by... frantically clean the house because we would host on Christmas night.
Daniel (host) 1:44
Why wouldn't you clean it before?
Allie Howard 1:45
Well, we did, but you had to like set out tables and do stuff you have to do the day of and then start cooking. We would spend hours cleaning and then all of my aunts and uncles and cousins would come over and there would be approximately 35 to 40 people in our house for the rest of the day. And so Christmas was never like a restful thing. It was just like preparation and then it's super fun, but just mass chaos. But now we do that the day after Christmas. So now Christmas is a little bit more chill.
Daniel (host) 2:17
Prolong the chaos.
Allie Howard 2:18
Yep. Well, mostly that way, like all of the in-laws, you're not picking whose house you're going to for Christmas. So everyone can come the day after Christmas.
Daniel (host) 2:28
Interesting.
Allie Howard 2:29
It's a good strat.
Daniel (host) 2:30
It's good. Yeah, ours just, we have a lull in the middle of the day and then you make a ridiculously nice dinner and eat dinner and then more lull and then you go to bed.
Allie Howard 2:41
What is on your Christmas list this year?
Daniel (host) 2:44
I don't really make one.
Allie Howard 2:46
Oh, my. You're one of those.
Daniel (host) 2:48
What?
Allie Howard 2:49
Hard to shop for.
Daniel (host) 2:50
No. If you know me, I'm easy to shop for. If you don't know me, why are you buying me a Christmas gift?
Allie Howard 2:56
That's fair. So what do you secretly hope that Ashley gets you this year that you haven't put on a list?
Daniel (host) 3:03
Can't say.
Allie Howard 3:04
Have you been dropping subtle hints?
Daniel (host) 3:06
No.
Allie Howard 3:07
Oh, my.
Daniel (host) 3:08
Why would you drop hints?
Allie Howard 3:09
Poor Ashley.
Daniel (host) 3:10
Either people know or they don't know. It's not like... And if they don't, listen, if you don't get what you want, you're an adult. You just go buy it. As long as it's in your financial plan.
Allie Howard 3:19
Of course.
Daniel (host) 3:20
Naturally.
Allie Howard 3:21
That's fair. I just made my Christmas list and I've now reached the adulting level where the thing I'm most excited for is really nice socks. Socks! Socks!
Daniel (host) 3:32
Socks are important.
Allie Howard 3:34
They're socks.
Daniel (host) 3:36
Where do we go from there?
Allie Howard 3:38
I was waiting for you to say something.
Daniel (host) 3:40
It felt like there was supposed to be an extension of that.
Allie Howard 3:41
Okay, socks are important. This episode and all episodes.
Daniel (host) 3:44
I was figuring out how we were going to segue this question.
Allie Howard 3:46
Speaking of socks, I once wore socks to Las Vegas, which is where our listener put a question in.
Daniel (host) 3:53
You know what? It's hard to celebrate Christmas in Las Vegas.
Allie Howard 3:55
Why?
Daniel (host) 3:55
I'll go there. Segway.
Allie Howard 3:57
Why?
Daniel (host) 3:57
I lived in Vegas for years after being born and raised in Chicago. And Chicago is awesome for Christmas, right? Because you can get snow pretty regularly. Downtown Chicago Christmas decorations. Awesome. Magnificent mile. Beautiful. Navy Pier, etc. uh las vegas yeah it's a desert it's kind of cold and windy sometimes there's nothing green uh it doesn't snow bellagio beautiful uh some of the christmas decorations that like you know the strip things but nobody goes down there if you live there so i don't know i didn't love spending christmas in the

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