In this episode of the Personal Finance Podcast, we are going to do a Money Q&A about my retirement plan charges 1.38%. Is it robbing me of my future?
Today we are going to answer these questions!
Question 1: What should my next steps be after paying off a personal loan—emergency fund, car savings, or student loans?
Question 2: What’s the best investment or savings account to open for my 5-year-old to start learning about money?
Question 3: Is it worth contributing to a Roth 457(b) with a 1.385% fee, or should I focus on low-cost accounts?
Question 4: I’m in the military maxing out TSP and Roth IRA—what else can I do to retire early? And how can my parents retire with $150K at age 55?
Question 5: I’m new to investing with $30K in cash—should I just dump it into an index fund, or do something more?
Question 6: We’re 48 and 49, saving aggressively with no debt—how do we ensure we hit our $1.5M retirement goal by age 55?
Question 7: We rolled over $35K into an IRA, have $125K in a 401(k), and big home equity—how do we build wealth and retire early in California?
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Links Mentioned in this Episode:
How to Pay No Taxes in Early Retirement, Debunking the Mortgage Fee Fiasco, and More! With Katie Gatti (From Money With Katie!) https://bit.ly/4522giC
10 Powerful Portfolio Strategies (And Which One is Right for You!) - Part 1 https://shorturl.at/fQw39
10 Powerful Portfolio Strategies (And Which One is Right for You!) - Part 2 https://shorturl.at/CuwKy
The 1-3-6 Method For Building & Managing Your Emergency Fund https://shorturl.at/fMORX
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