January Mailbag: Credit Scores, Bitcoin Investing, & Term Life Insurance


Manage episode 283096121 series 2614834
By Chelsea Brennan. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

#90 For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions.

If one person in our community has a question, there are no doubt others wondering the same thing. Today we’re going to discuss increasing credit scores, Bitcoin investing, finding the best provider for term life insurance, and more!

(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 question, "My children now have debit cards. What rules should I set up as far as making purchases?

(16:59) Court wants to know, "What is your advice regarding credit cards? I was a die hard Dave Ramsey fan and when I began my debt free journey in January 2015, I did need to get rid of all credit cards because my spending was out of control. Now, my husband and I are about to buy the house we’re renting and payoff our van loan.

(28:14) Nancy says, "What is your take on Bitcoin investing?"

(41:35) Amanda asks, "Hubs and I are saving up to do some home renovations in 5 years. I am toying with the idea of putting it into our brokerage account so that it can get better growth than in a plain savings account. I want to continuously add money so a CD is out. Other than the possibility of losses from potential market dips, what kind of tax implications could I see from my brokerage path?"

(48:19) Tiffany says, "Where do I start for figuring out term life insurance for my husband and I? There are so many options online!! I have a small policy from work, but I know it will never be enough."

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/90

Grab your FREE Money Mamas Guide to Investing Template: https://smartmoneymamas.com/mamas-investing-guide/

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