Farnoosh Torabi, Author at MintLife Blog

Everything You Need to Know About Individual Retirement Accounts

March 5, 2020 / Farnoosh Torabi

There are several types of IRAs that I’ll discuss below, including traditional IRAs, Roth IRAs, SIMPLE IRAs, SEP IRAs, and more, as well as how to open one, recommendations for which type works for you, and benefits of IRAs.Everything You...

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Money Audit

We Earn $200,000 and Can’t Save. Help!

June 27, 2018 (Last Modified: July 23, 2018) / Farnoosh Torabi

Mia, 35 and her husband Luke, 36, earn a combined $200,000 per year. But after paying their mortgage and rental property loan, as well as car and student loans, child care, and other living expenses, the Los Angeles couple has...

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Money Audit

Managing Money With Your Partner When You Earn More

May 15, 2018 / Farnoosh Torabi

Four years ago this month, I published When She Makes More, a guide for higher-earning married women who want to master their finances and thrive in their relationships. Earning more money, as the wife in your hetero-relationship, may seem innocuous....

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Money Audit: Should We Hold on to Our Rental Properties?

April 16, 2018 / Farnoosh Torabi

This week’s Mint audit helps out a couple, Pasquale, 46, and Jillian, 39, who are starting a new life together after each experiencing divorce. Both work in software sales earning roughly the same income. When combined, their earnings average $450,000...

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Money Audit

Check-In: Expecting Couple Struggling with Debt, But Future Looks Bright

February 19, 2018 / Farnoosh Torabi

When I first connected with Julia and John, the Queens, NY couple was expecting their first child and grappling with some debt, a lack of savings and income prior to the baby’s arrival. The couple was basically living paycheck to...

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Money Audit

Money Audit: Can I Retire Early?

January 23, 2018 (Last Modified: August 14, 2020) / Farnoosh Torabi

Mint devotees James, 51, and wife, Carol, 43, hope to mark 2018 as the year they achieve what many only dream of accomplishing: retiring early from the daily grind. He’s a technical manager and she’s a self-employed real estate agent...

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Mint Money Audit: Managing Money When You Make Enough

December 18, 2017 / Farnoosh Torabi

Anna’s email requesting help with her finances began with a unique confession. “Farnoosh, my money problem garners little sympathy,” the 32-year-old wrote. “My issue is that I make too much of it.” Now, THIS is interesting, I thought. I immediately...

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Mint Money Audit: Making the Most of a Side Hustle

November 22, 2017 / Farnoosh Torabi

This week’s Mint audit introduces us to Selena, 48, a mom of two living in San Antonio, Texas. She is a community college director and her husband, 51, is a full-time graphic designer who also manages a booming side hustle...

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Mint Money Audit: Affording Life After Grad School

October 17, 2017 / Farnoosh Torabi

With a brand new PhD under her belt, our latest Mint audit recruit, Renee, is ready to take on the real world with gusto. The 34-year-old is eager to buy a home and ramp up her retirement savings. She currently...

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Ask Farnoosh, Housing Finances

Ask Farnoosh: Should I Buy in the City or Suburbia?

October 1, 2017 (Last Modified: January 30, 2020) / Farnoosh Torabi

I’m a pharmacist living in the Philadelphia area with no debt. Four months ago, I moved back in with my parents because I was tired of spending money on rent and wanted to begin saving to purchase my first home....

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