January Mailbag: Credit score Scores, Bitcoin Investing, & Time period Life Insurance coverage

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January 25, 2021
by
Chelsea

Why You have Obtained to Take heed to This Episode…

For this episode, we requested the mamas in our free Mamas Speak Cash Group on Fb to ship us their questions. If one particular person in our group has a query, there are little question others questioning the identical factor.

At this time we’re going to debate growing credit score scores, Bitcoin investing, discovering the perfect supplier for time period life insurance coverage, and extra!

Moments You Do not Wish to Miss

[05:05} Christine asks, “I recently opened 529 plans for my children, and while I was there, the representative told me that I should keep depositing into my 403b and before I retire transfer the money into a ROTH IRA, does this make sense?”
[10:56] Christine had a second query, “My youngsters now have debit playing cards. What guidelines ought to I arrange so far as making purchases?
[16:59] Courtroom desires to know, “What’s your recommendation relating to bank cards? I used to be a die-hard Dave Ramsey fan and after I started my debt-free journey in January 2015, I did must do away with all bank cards as a result of my spending was uncontrolled. Now, my husband and I are about to purchase the home we’re renting and payoff our van mortgage.
[28:14] Nancy says, “What’s your tackle Bitcoin investing?”
[41:35] Amanda asks, “Hubs and I are saving as much as do some dwelling renovations in 5 years. I’m toying with the concept of placing it into our brokerage account in order that it might probably get higher progress than in a plain financial savings account. I wish to repeatedly add cash so a CD is out. Aside from the potential of losses from potential market dips, what sort of tax implications might I see from my brokerage path?”
[48:19] Tiffany says, “The place do I begin for determining time period life insurance coverage for my husband and I? There’s so many choices on-line!! I’ve a small coverage from work however I do know it’ll by no means be sufficient.”

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