EP104 – Okay to use 401K to pay off debt?; Are target date funds any good?; Our favorite places to set up an IRA

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We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to

I’m in my 20s. Should I take out all of my 401k to get closer to completing baby step 2?

It seems like every 401k plan has the target date funds. My work plan is heavy on them. Are those funds good?

What’s everyone’s thought on having multiple bank accounts & nicknaming them, instead of actual envelopes ?

Are others getting some serious return rates on their Roth IRA? The funds I’m in have a 30 yr avg of 11% which is fairly good from what I’ve seen. Mind you, the account is young and I’m not complaining about the return rate. Just wondering if anyone else is getting these results this year.

I want to set up a ROTH IRA does anyone recommend anyone???

Please help. My son is 14 and has $1200 in his savings. What would be the best way for him to invest it?

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