{"id":3065,"date":"2021-02-05T18:05:35","date_gmt":"2021-02-05T22:05:35","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&p=3065"},"modified":"2021-02-05T18:06:38","modified_gmt":"2021-02-05T22:06:38","slug":"ep109-are-u-s-ee-savings-bonds-a-good-idea-for-kids-company-match-and-your-401k-contribution-amount-how-to-calculate-your-net-worth","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/ep109-are-u-s-ee-savings-bonds-a-good-idea-for-kids-company-match-and-your-401k-contribution-amount-how-to-calculate-your-net-worth\/","title":{"rendered":"EP109 – Are U.S. EE Savings Bonds a good idea for kids?; Company match and your 401K contribution amount; How to calculate your net worth"},"content":{"rendered":"\n


We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com<\/p>\n\n\n\n

QUESTION 1<\/strong>
<\/strong>So We are almost done with BS 2 and will have a fully funded EF in about 6 months. After the EF is funded I have a traditional 401k plan at work that matches 5% should I just put the 5% in that to get the match?  Was thinking about opening a Roth IRA do I put 10% of my net pay into that?  And  if I max it out do I just increase my traditional through work? <\/p>\n\n\n\n

QUESTION 2<\/strong>
<\/strong>New to the group and have a question…I took out a 401k loan a while back to get my house (mistake I know \"\ud83d\ude02\") but since It\u2019s already been done let me ask, is this considered debt in the snowball? It\u2019s paid back with interest into my own account through payroll deduction. <\/p>\n\n\n\n

QUESTION 3<\/strong>
Do you include the value of your home equity in your millionaire status tally?<\/p>\n\n\n\n

QUESTION 4
<\/strong>Just curious, what do we think of savings bonds? I have a friend that said it is a great investment for kids. My daughter is 3, so I think it could be a little nest egg for her when she turns 33. I also do have a savings account for her that I established about 2 years ago.<\/p>\n\n\n\n

QUESTION 5<\/strong>
<\/strong>Does my 15% include employer match or just my portion?<\/p>\n\n\n\n

QUESTION 6<\/strong>
When a Roth 403b is rolled over to a Roth IRA, are there still RMDs? My company has great mutual funds and I would like to contribute the full 15% to my Roth 403b but I worry about RMDs.  Thanks for the advice.<\/p>\n\n\n\n

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Facebook Group: <\/strong>https:\/\/www.facebook.com\/groups\/your401k\/<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com QUESTION 1So We are almost done with BS 2 and will have a fully funded EF in about 6 months. After the EF is […]<\/p>\n","protected":false},"author":1,"featured_media":2950,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"episode_type":"audio","audio_file":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2021\/02\/ROTM-ep109.mp3","cover_image":"","cover_image_id":"","duration":"30:19","filesize":"29 MB","date_recorded":"05-02-2021","explicit":"","block":"","itunes_episode_number":"109","itunes_title":"Are U.S. EE Savings Bonds a good idea for kids?; Company match and your 401K contribution amount; How to calculate your net worth","itunes_season_number":"","itunes_episode_type":"full","filesize_raw":"30422894"},"tags":[105,385,388,200,386,387],"series":[234],"coauthors":[284],"episode_featured_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/10\/ROTM-EP82-mp3-image.jpg","episode_player_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/04\/album-rockonthemoney1410-10.jpg","download_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-download\/3065\/ep109-are-u-s-ee-savings-bonds-a-good-idea-for-kids-company-match-and-your-401k-contribution-amount-how-to-calculate-your-net-worth.mp3","player_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3065\/ep109-are-u-s-ee-savings-bonds-a-good-idea-for-kids-company-match-and-your-401k-contribution-amount-how-to-calculate-your-net-worth.mp3","audio_player":"\nhttps:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3065\/ep109-are-u-s-ee-savings-bonds-a-good-idea-for-kids-company-match-and-your-401k-contribution-amount-how-to-calculate-your-net-worth.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"https:\/\/netcast.one\/rotm2\/feed\/podcast\/rockonthemoney","embedCode":"

EP109 – Are U.S. EE Savings Bonds a good idea for kids?; Company match and your 401K contribution amount; How to calculate your net worth<\/a><\/blockquote>