— To stream the interview click here.

— To download the mp3 right click here and choose “save as”

In today’s Ask Farnoosh episode:

Tola

I am 26 years old. Live at home (NYC) with my parents, 3 other siblings (ages 16, 19, &25) in a 2 bedroom apartment. I have $9,000 in savings, $25,000 in student loans (paying down the student loans), I make $45,000 a year (looking for a higher paying job) and want to move out and get my own apartment-No Roommates. At what stage should I move out? I want to move out asap!!  I also plan on pursuing a graduate degree.

Anne

I have a question about saving for retirement when you’re a long-term freelancer on payroll at a company that doesn’t offer a 401k. My accountant told me I’m ineligible for a SEP IRA because I’m paid through a W2. I’m 41 years old and have a little over $100k in a combination of Roth, Traditional and Rollover IRA’s. My financial advisor would like me to be saving $10k per year for retirement. I think it should be more like $20k. I already contribute the maximum to an IRA each year, but how can I be saving more without a 401k or SEP IRA?

Taous

My husband and I make about $48,000 before taxes as actors and teaching artists. We have worked over the past 2 years to save $8000 in an ER fund. I owe $4800 in student loans. Is it worth taking money from the ER fund and getting rid of the student loan debt? And then replenishing each month with the same about I was putting towards the student loan ($123)?

Amy

How do I survive a long distance relationship (450mi) and not go broke or into debt?