620-Friday Q&A: Financial Planning for Newlyweds, 401(k)s Without a Match, 529 vs. Roth IRA for College Education

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 20 January 2019

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

1:25 - I just got married. What financial planning should I do now?

39:35 - My employer offers a 401(k) with no match. Should I participate?

55:35 - How can I save for my child's college education with a 529 plan or with a Roth IRA?

For reference to any time-dated commentary, this show was recorded on 12/20/2018.

Transcript

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0:00.0	Today in Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight and encouragement you need.
0:25.6	Leave a route to leave. Well, to live and to leave a rich life now while building a plan for financial freedom in 10 years or less. My name is
0:33.4	Joshua, I am your host and today it's live Q&A open phone lines. Go to a
0:38.1	conference call line, I open it up, see who's there and we talk about
0:41.0	whatever the callers want to talk about. That's today. These live
0:53.0	and a call are really fun for me and I hope that you enjoy them as well.
0:56.9	They give quite a diversity of topics. We can talk about anything you want to talk about.
0:59.9	Recent shows, commentary on something I've said, something that you agree with, disagree with,
1:04.4	questions on your particular situation, any of the above is open to you. So make sure you
1:08.8	stay tuned to the schedule for these conference calls. If you want the fastest and most direct
1:12.4	way, become a patron of the show,
1:13.5	radical personal finance.com. We begin today in the Empire State. Peter, welcome to the show. How can I serve you today, sir?
1:21.7	Gosh, I just got married and I'm wondering what some good financial planning things to do are for newlyweds.
1:28.0	Congratulations.
1:30.0	That's great.
1:31.0	Thank you.
1:32.0	So how old are you?
1:34.0	I just turned 41.
1:36.0	And is your wife of similar age?
1:38.0	Late 30s, yep.
1:40.0	Okay.
1:41.0	So you have benefits and disadvantages of being older than many people. At 41 you would be at this point much more stable in your life I would imagine and with your newly married
	...

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