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EP155 – Which type of 401K will make the most money?; Can a broker get you a better rate of return on your retirement?

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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 podcast@rocklandusa.com

We begin with a little financial talk on what the Island Boys should be doing with their new-found fame money before the flame runs out. We then get into your questions and comments!

**This post may contain affiliate links, and we may be compensated if you make a purchase after clicking on the affiliate and/or partner links.

QUESTION 1

Why would anyone capable of paying a 15 year mortgage not choose a 30 year and invest the difference in payments into an index fund? The 30 year plus investment way gives a better net worth, or am i missing something?

QUESTION 2

Please advise. 401k versus 401k Roth. My work is adding the Roth option and we have only had the regular 401k up until now. Trying to decide how much to contribute and to both or just one?

QUESTION 3

With a good broker what is the rate of return on $1 million? (aka how to become a millionaire)

QUESTION 4

Planning to buy a home to live in for 2-5 years. Any advantage of doing a 15yr morgtage over a 30yr with such a short hold period?

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