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EP84 – Facebook Gaming as a side gig; When to quit your day job for your side hustle; Saving up for a baby; Revisiting Roth IRAs and 401Ks

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We have a great lineup of your social media questions and our thoughts! We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com

SOCIAL MEDIA QUESTION #1
Jake – I just noticed my employer offers a Roth. I’ve been putting 15% of my retirement into a 401K. Should I stop my 401k contribution and change it over to the Roth?

SOCIAL MEDIA QUESTION #2 
Beth – Just curious… How much would you recommend saving up to have a baby?

SOCIAL MEDIA QUESTION #3
Regina – I got $6,000 towards my 6 months savings (this includes $1,000 emergency fund). I got a car payment about $350 every month (loan is for $13,500). Do I pay off some of the loan with my 6,000 or continue my monthly car payments? Appreciate your constructive feedback! Thank you

SOCIAL MEDIA QUESTION #4
Kesha – I created a side hustle to pay off my debt and now it is becoming my main source of income. When do I quit my day job and switch to my side hustle? Is this a good idea?

SOCIAL MEDIA QUESTION #5
Ed – I raised my retirement contributions to 15% in my 401k I’m not liking how small my checks are looking.  I feel I can pay the house off faster with more take home pay, but I’m trying to stick to the plan. Thoughts?

SOCIAL MEDIA QUESTION #6
What’s the benefit to a Roth IRA as opposed to just buying mutual funds in a brokerage account?

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