Ep 45: Mailbag: Where Should I Save Money For My Grandchildren?
In today's episode, we will be answering some listener questions that have recently come into the show. We will discuss what happens to your pension if your employer goes bankrupt, different account types you can save in for your grandchildren, if it's wise to sell a rental property before retirement, and more. Stay tuned to see what you can learn from these questions we've received!
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In this episode:
[1:36] What happens to my pension if my company goes bankrupt?
[3:58] My employer just started offering a Roth 401k should I move my contributions?
[6:34] I want to save money for my grandchildren. Is there an account I should save in?
[8:13] My spouse and I have very different risk tolerance. How do we balance this?
[10:07] Should I pay off my rental property early or just use rent to pay it off over time?
[11:50] I am divorced. Do I have to wait for my spouse to claim their benefit to receive my spousal benefit?
[12:47] I plan to purchase an RV to use during retirement. Should I use my Roth account funds to pay for it so I don’t pay the tax on those funds?