Ask HTM - Cash with an Online Bank, Revenue Credits on a Target Date Fund, & Paying Taxes on Hobby Income #616

We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

 

1 - I want to switch to an online bank but how do you go about depositing and withdrawing cash?

2 - Should I own my first investment property as an individual or as a business operating as an LLC?

3 - How important is the revenue credit that I receive from my target date fund in my 401k?

4 - Are I bonds still a good place to park money for my one-year-old?

5 - Do I have to pay taxes on income generated by a hobby?

 

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• Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
• Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

 

During this episode we enjoyed a St. Bernardus Wit! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

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