February Mailbag: Investing and Retirement

Smart Money Mamas Show

English - February 25, 2021 11:06 - 34 minutes - 23.9 MB - ★★★★★ - 120 ratings
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Previous Episode: How to Give With More Impact: What You Need to Know with Kris Putnam-Walkerly

Next Episode: How to Control Your Finances Like a Rebel Mama with Aleks Jassem & Nikita Stanley

#095 In this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions.

If one person in our community has a question, there are no doubt others wondering the same thing.

Today we’re going to discuss more specifics about retirement funds, and investing!

(03:44) Kelli wants to know, "What is the recommended percentage to save for retirement? Should you have a Roth IRA in addition to a 401K?"

(9:51) Court asks, "I know we need to be invested in small caps, medium and large caps - How do I know if I'm diversified into all three groups?"

(19:12) Amanda says, "My employer-sponsored 401K offers target-date funds as an investment option. Do you recommend?"

(23:03) Cathryn asks "Is FOREX a real way to make money? Pros and cons?"

(27:07) Evelyn wonders, "Is it necessary for each spouse to have a retirement account? My employer offers a 401k with 4% match and pays the yearly fees while my husband is a teacher and his employer offers a 403b with no match and he has to pay the maintenance fees.

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/95

Money Mamas Guide to Investing Template: https://smartmoneymamas.com/mamas-investing-guide/