Another great podcast episode featuring all of your questions sent in to podcast@rocklandusa.com. We are going to cover everything from your 401K to Apple Care to emergency funds. Keep those questions coming in!
SOCIAL MEDIA QUESTION #1
New member! Question? I am having a hard time justifying a 1% money management fee. On a 1 million dollar portfolio the fee is $10,000.00 annually. In the Covid crash manager had some activity. The action never seems to justify the rolling fee. 5 year fee 50,000.00. Whenever you look cumulatively down the road it seems very substantial. It seems that after a 2 year relationship most of the moves that would have been made. It just seems to be on for the ride.
SOCIAL MEDIA QUESTION #2
HELP: My employer offers 401k pre tax, but there is also an option online that simply says “after tax contributions”.
SOCIAL MEDIA QUESTION #3
I’m 19, have a paid off car, 3k emergency fun and 5k saved for a new car once my current one breaks down. I just got a raise to $20 and hour so I’m making around 3-4k a month. Now that my essentials are covered I’m ready to start saving for retirement and the next steps. Where do I go from here?
SOCIAL MEDIA QUESTION #4
How long did it take to obtain your first $100k in your retirement account(s)?
SOCIAL MEDIA QUESTION #5
I’m going to buy a new iPhone SE with cash soon. What are your thoughts about paying for Apple Care+? It’s $79.00 for 2 years coverage.
SOCIAL MEDIA QUESTION #6
Best app or spreadsheet for calculating monthly budgets?
