1290: Ask Farnoosh: How much is "too much" to have in the bank?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 10 December 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, listeners want to know: how much is too much in savings? How to best save for a child's future? What's better: a Roth or Traditional 401K? Check out Farnoosh's new YouTube show with CNET MONEY www.youtube.com/cnetmoney Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money, episode 1290, ask for a new sh.
0:04.0	You're listening to So Money, with award-winning money guru Farnoosh Karabi.
0:09.0	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:14.0	authors, influencers, and from Farnoosh yourself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place, seeking profound ways to live a richer, happier life.
0:27.0	Welcome to So Money.
0:30.0	It's Friday.
0:32.0	Everybody, welcome to the show.
0:34.0	It is Ask Farnoosh Friday on So Money.
0:37.0	We have questions about how much is too much money to be saving?
0:42.0	Had a best save for your children, not so much for college, but, you know, just in general.
0:47.0	And, of course, I feel like every week or every other week, there's a question about Roth IRAs.
0:52.0	Probably the most popular retirement savings vehicle a listener wants to know.
0:57.0	Should she do it?
0:58.0	The big news this week is that on Wednesday, my team at CNET and I launched our CNET Money YouTube channel.
1:07.0	It takes a village, everybody.
1:08.0	I have attempted in the past to launch a YouTube channel on my own.
1:12.0	I guess, oh, trying to do this at the brink of the pandemic wasn't a good timing.
1:17.0	So that never happened.
1:19.0	It never really took off.
1:20.0	I did, I think, a four or five videos, proud of those videos, but just was not able to keep it consistent.
	...

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