On today’s show, we’re covering all the tough topics because YOU are the headliner on this show! We’re answering your letters about 401k plans, college savings, and more!
Plus, we throw out the Haven Life Line, we feature headlines about online security with our friend Jocelyn from NextAdvisor and more.
Thanks to SoFi and MagnifyMoney.com for helping us with today’s show!
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Show Notes:
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<3:55> Headlines
- Trump agenda spawns new ETFs that align with his policies (InvestmentNews)
Jocelyn Baird, NextAdvisor
- Congress Halts Internet Privacy Protections: How Does This Impact You? (NextAdvisor)
<15:00> Letters
Thius – Thius wants to know if his wife should get a 403b or a 457 from her workplace.
Steve – Steve’s wedding is going to cost $33,000. Should he take out some loans from his 401k, or pay for everything in cash?
Jeremy – Should Jeremy stay in his parent’s house while he continues to pay off his loans?
Gerardo – Gerardo has a few questions about his options when it comes to funds with high fees.
Christin – Should she start using the Roth TSP that she now has access to, which her employer will match, or continue with her 401K? What do you think of life cycle retirement funds?
Jordan – Which should Jordan go after, tax deferred investing or post tax investing?
<24:15>Doug’s Trivia
- According to the IRS, what is the actual meaning behind IRA?
<29:25> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Derrick has a few car questions: Is there ever a good time to lease a vehicle? Is it better to buy should cars in cash, or should liquidity be saved by taking out a low-interest loan?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
<> Join us Friday
Come listen in on Friday for our Roundtable!
Joe- you mentioned there isn’t a material difference between 457 and 403b plans. You failed to mention that 457 plans are the employers asset while 403bs are the employees asset. 457 plans are at risk for creditors.
Might be something important to mention.
Love your show,
Julie