Ask Paula: Should We Sell a Condo if We’re Barely Breaking Even?

<p>#336: Anonymous and his partner have a one-bedroom condo that they rent out in Pasadena, CA. The problem? They’re barely breaking even. Should they keep the condo, or sell it and make better use of the profits?</p><p>Sam wants to know: how much of an emergency fund does a rental property need?</p><p>Michael and his wife expect their taxable income to be less than $10,000 this year. Should Michael (age 56) take distributions from his 401k to minimize or eliminate their income tax burden?</p><p>Shanon wants to switch to an ethical bank with values that al...