Do I NEED Uninsured Motorist Coverage?
Description
This Week's Questions:
1) I'm trying to cut expenses as much as possible. I was looking through my auto insurance policy and it seems like I heard that a person doesn’t have to have Uninsured or Underinsured motorists on the policy. Do you know if that is true or not?
Also we have a 2012 dodge van. It looks like our policy has auto collision insurance for 67.17 with a $1000 deductible. In addition to the regular premium. Under limits It has Actual Cash Value. Is this necessary to have? The vans not worth much over the $1000 deductible probably. It’s in bad shape but we are driving it until it quits. - Sandy
2) I work a contract job and they offer a 401k and Roth 401k, there is NO matching. Which 401k should I put money in from my paycheck?
3) What's the difference between a self-directed IRA (SD-IRA) and a Solo 401k?
Resources Mentioned:
Ep 55: What Insurance Do I Need and What's a Waste?
Ep 20: You've Never Met a Home & Auto Insurance Agent Like This - with Darron Miller
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