February Mailbag: Retirement and Investing

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February 25, 2021
by Chelsea

Why You've Got to Listen to This Episode...

For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing.

Today we’re going to discuss more specifics about retirement funds, and investing!

Moments You Don't Want to Miss

[03:44] Our first question comes from Kelli, who asks, "What is the recommended percentage to save for retirement? Should you have a Roth IRA in addition to a 401K?"
[9:51] Court wonders - "I know we need to be invested in small caps, medium and large caps - How do I know if I'm diversified into all three groups??
[19:12] Amanda who says, "My employer sponsored 401K offers target date funds as an investing option. Do you recommend?"
[23:03] Cathryn asks "Is FOREX a real way to make money? Pros and cons?"
[27:07] Evelyn wonders, "Is it necessary for each spouse to have a retirement account? My employer offers a 401k with 4% match and pays the yearly fees while my husband is a teacher and his employer offers a 403b with no match and he has to pay the maintenance fees.

Links & Resources Mentioned

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