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EP87 – How to pick your 401k funds correctly; Start a side hustle; Converting existing 401k money to a Roth; How to safely park your new home down payment

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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
Sandra – So my company’s 401k option just moved from Wells Fargo to fidelity. Investing is still not my strong suit. If I’m following Ramsey’s advice it’s 25% into growth, growth and income, aggressive growth, and international. Which ones do I pick or do I keep it in a blended?

SOCIAL MEDIA QUESTION #2 
Daniel – Is it easier to get out of debt or stay out of debt.

SOCIAL MEDIA QUESTION #3
Kathy – I’m looking to increase my income. What are some side hustle businesses you can start under $5,000?

SOCIAL MEDIA QUESTION #4
This group has shown me the benefit of roth over traditional. But my question is this, do I mess with converting what I already have over to roth, or just make all future contributions roth?

SOCIAL MEDIA QUESTION #5
I have a couple hundred dollars a month to invest for a mid-term-ish goal… it’s for a house down payment. I will not be ready for at least 3 years but quite possibly up to 6,7,8 years. Given my undetermined time frame, I’m not sure where to park it. I was going to use an online savings account but with rates so low, it feels pointless.

SOCIAL MEDIA QUESTION #6
Noob who needs help please! I’m about to come into some money and it will be in a Vanguard account. I want to try investing a small portion (1-5k) in something a little aggressive that I can add to the savings (will be used for college funds for my children). Where do I start? What’s a good book or article (s) I can read so I understand the lingo and what everything means.

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