Q&A Replay 2.14.2024: Term vs Whole Life, 529 Plans & Should My Parents Have an Advisor
Description
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/term-vs-whole-life-insurance/
Today’s topics included:
🐷 Insurance: do I need disability insurance? What about term life insurance if I have kids?
🐷 My parents have a sizeable portfolio. Is a management fee worth it or continue to manage themselves?
🐷 Is investing in a CFP certification worth it if I want to be in personal finance field as a career?
🐷 I feel lost in 529 plans. Live in Texas, so no state income tax deduction. Is growth tax free?
🐷 My mom says I should contribute more to my 401k now than a Roth because my income is more now than it will be in retirement. Is her thinking right?
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