{"id":3093,"date":"2021-03-16T14:00:45","date_gmt":"2021-03-16T18:00:45","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&#038;p=3093"},"modified":"2021-03-16T14:01:59","modified_gmt":"2021-03-16T18:01:59","slug":"ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car\/","title":{"rendered":"EP 116 &#8211; Stop fund mixing with Target Date Funds in your 401k; Why umbrella policies?; How to save for a car"},"content":{"rendered":"\n<p id=\"block-9faeb8b3-489f-40c7-a8d0-ac0de0013689\">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<p><strong>QUESTION 1<\/strong><br>I just moved my 401k into a target date.&nbsp; I went with 80% Target date and 20% into Vangaurd 500.&nbsp; Does that sound like good mix?&nbsp; Thoughts?<\/p>\n\n\n\n<p><strong>QUESTION 2<\/strong><br>I met with a financial planner today and was recommended an umbrella policy. Thoughts?<\/p>\n\n\n\n<p><strong>QUESTION 3<\/strong><br>I have paid off debt (BS2), almost saved 6 months EF. Home warranty or no?<\/p>\n\n\n\n<p><strong>QUESTION 4<\/strong><br>What happens if you can&#8217;t save the first 1000 in Bbs1, because of too many bills.<\/p>\n\n\n\n<p><strong>QUESTION 5<\/strong><br>Now that I\u2019m self employed. I have a SEP. Is there any reason to continue contributing to my ROTH IRA?<\/p>\n\n\n\n<p><strong>QUESTION 6<\/strong><br>Not planning on buying a car right now but will be in a few years. So here is my question. If you are through the baby steps and have a fully funded emergency fund. Then but a car 2-3 years old and&nbsp; you have some saved for Down payment but not enough to pay cash, do you use your emergency fund to pay it all off leaving just 1000 then start saving your fund again?&nbsp;<\/p>\n\n\n\n<p id=\"block-5ce16e1e-1640-49c0-b1cf-d59b0b77ae10\">**This post may contain affiliate links, and we may be compensated if you make a purchase after clicking on the affiliate and\/or partner links.<\/p>\n\n\n\n<p id=\"block-c30f465f-4e18-4af2-bfbc-3515c1ceaab5\"><strong>Sponsored by Choice Realty Connect :<\/strong><a href=\"https:\/\/choicerealtyconnect.com\/\"><strong> https:\/\/choicerealtyconnect.com\/<\/strong><\/a> when you are wanting to buy or sell a home, condo or any type of property. Trust Amanda to help match you with up to 3 top agents in your area.<\/p>\n\n\n\n<p id=\"block-46553e9c-4c9a-447c-8f7c-a73c9737bd1a\"><strong>BESTOW &#8211; Fast, Free Quote on affordable online term life insurance. No exam, no waiting, no hassles: <\/strong><a href=\"https:\/\/tinyurl.com\/y79pywmw\"><strong>https:\/\/tinyurl.com\/y79pywmw<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-57e58f46-7d33-42ea-aabe-0cc1998c9eed\"><strong>WEBULL &#8211; Get 1 FREE stock valued up to $1,200 here<\/strong>: <a href=\"https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn\"><strong>https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-aa900f9b-9f66-403b-aca2-b2b0006ed883\"><strong>Website: <\/strong><a href=\"https:\/\/netcast.one\/rotm2\/\"><strong>https:\/\/netcast.one\/rotm2\/<\/strong><\/a><br><strong>Subscribe to the podcast &#8211; all links located here: <\/strong><a href=\"https:\/\/linktr.ee\/rocklandusa\"><strong>https:\/\/linktr.ee\/rocklandusa<\/strong><\/a><br><strong>Call us with your questions : 989-888-ROCK (7625)<\/strong><br><strong>Facebook Group: <\/strong><a href=\"https:\/\/www.facebook.com\/groups\/your401k\/\"><strong>https:\/\/www.facebook.com\/groups\/your401k\/<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 1I just moved my 401k into a target date.&nbsp; I went with 80% Target date and 20% into Vangaurd 500.&nbsp; Does that sound [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2794,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"episode_type":"audio","audio_file":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2021\/03\/ROTM-ep116.mp3","cover_image":"","cover_image_id":"","duration":"26:33","filesize":"26 MB","date_recorded":"16-03-2021","explicit":"","block":"","itunes_episode_number":"116","itunes_title":"Stop fund mixing with Target Date Funds in your 401k; Why umbrella policies?; How to save for a car","itunes_season_number":"","itunes_episode_type":"full","filesize_raw":"26800668"},"tags":[105,110,391,393,392],"series":[234],"coauthors":[284],"episode_featured_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/07\/ROTM-EP60-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\/3093\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car.mp3","player_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3093\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car.mp3","audio_player":"<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-3093-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3093\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car.mp3?_=1\" \/><a href=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3093\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car.mp3\">https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3093\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"https:\/\/netcast.one\/rotm2\/feed\/podcast\/rockonthemoney","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"5sRJX61MUY\"><a href=\"https:\/\/netcast.one\/rotm2\/podcast\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car\/\">EP 116 &#8211; Stop fund mixing with Target Date Funds in your 401k; Why umbrella policies?; How to save for a car<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/netcast.one\/rotm2\/podcast\/ep-116-stop-fund-mixing-with-target-date-funds-in-your-401k-why-umbrella-policies-how-to-save-for-a-car\/embed\/#?secret=5sRJX61MUY\" width=\"500\" height=\"350\" title=\"&#8220;EP 116 &#8211; Stop fund mixing with Target Date Funds in your 401k; Why umbrella policies?; How to save for a car&#8221; &#8212; Rock on the Money\" data-secret=\"5sRJX61MUY\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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