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 podcast@rocklandusa.com
QUESTION 1
So We are almost done with BS 2 and will have a fully funded EF in about 6 months. After the EF is funded I have a traditional 401k plan at work that matches 5% should I just put the 5% in that to get the match? Was thinking about opening a Roth IRA do I put 10% of my net pay into that? And if I max it out do I just increase my traditional through work?
QUESTION 2
New to the group and have a question…I took out a 401k loan a while back to get my house (mistake I know ) but since It’s already been done let me ask, is this considered debt in the snowball? It’s paid back with interest into my own account through payroll deduction.
QUESTION 3
Do you include the value of your home equity in your millionaire status tally?
QUESTION 4
Just curious, what do we think of savings bonds? I have a friend that said it is a great investment for kids. My daughter is 3, so I think it could be a little nest egg for her when she turns 33. I also do have a savings account for her that I established about 2 years ago.
QUESTION 5
Does my 15% include employer match or just my portion?
QUESTION 6
When a Roth 403b is rolled over to a Roth IRA, are there still RMDs? My company has great mutual funds and I would like to contribute the full 15% to my Roth 403b but I worry about RMDs. Thanks for the advice.
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