Ask Shannah: Starting a Roth IRA & Do I Need Life Insurance

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 12 January 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this Ask Shannah episode, I’m covering how to start a Roth IRA and how to know if you need life insurance. I’m so excited about all the Ask Shannah questions that I’m going to cover this year. I was so overwhelmed by all the questions you sent last year that I didn’t even make it through half of them. So thank you, and keep sending them in. There’s a link in the show notes to submit an Ask Shannah episode and have it featured on the podcast. In this episode, I cover: How to start a Roth IRA What is a Robo Advisor Roth IRA contribution limits DIY vs. Do it for me Roth options Life insurance term options How to figure out how much life insurance you need Is life insurance right for everyone *All information in this episode is for educational purposes and does not constitute financial, legal, or tax information. Please consult with your advisors for specific information relevant to you. Links NerdWallet Best Robo-Advisors article Investopedia: What is a Robo-Advisor article Submit your Ask Shannah question SPONSORS Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to Uncommon Goods for sponsoring the show. Get 15% off your next gift by going to www.uncommongoods.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. How To Connect with Shannah: Download 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/ Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq Leave a 5-star Review here https://ratethispodcast.com/etm Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In this Ask Shauna, I'm covering how to start a Roth IRA and how to know if you actually need life insurance.
0:28.2	Welcome to everyone's talking money.
0:29.5	I'm your host, Shawna Game.
0:33.5	And on this show, I'm going to invite you to drop all of that negative self-talk and thinking about money so you can really heal your relationship with money and start living
0:38.4	your version of a good life. Sound good? All right. Let's go. I am so excited for all of the
0:45.1	Ask Shana questions that I'm going to cover this year. I was really overwhelmed by all the
0:50.2	questions that you sent in last year. I didn't even make it through, honestly, half of them.
0:54.9	So I will be going through a lot of them. If you did not get your question answered, please
0:59.5	stay tuned. There will be an upcoming episode with your question. So thank you so much for sending
1:05.1	them in. There is a link in the show notes to submit and ask Sean a question. If you would like it to be featured on
1:12.6	an upcoming episode, please do. There are no bad questions. Anything that you might want to know
1:17.8	about money, I can guarantee you. There are a lot of other people out there that are wondering
1:22.9	the same thing. So if you're new here, welcome, welcome to the show. These are my Friday episodes where
1:30.6	I keep things very loose. There is minimal editing. So yeah, you will hear me probably flub up a few words,
1:38.0	probably have a couple of long pauses. You get the idea, right? The idea is I want you to feel like we are sitting across from each other
1:47.4	and we are having a conversation about money and sometimes that gets messy and sometimes there's
1:53.5	emotions that come up and I mean, who knows? Who knows what's going to happen in these episodes?
1:58.5	So in this particular one, I'm going to chat about two different questions today.
2:02.1	So be sure to stay tuned for part two after our little break in the middle of the episode
2:08.5	where I'm going to dive into life insurance and figuring out if you need it and all that good
2:12.5	stuff. But our first question up is from Dana. Dana says, hi, Shauna. I love your show and appreciate the
2:19.2	knowledge you give for people like me that are learning personal finance on their own later
	...

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