Mailbag: Market Volatility, Life Insurance, Roth 401k, and More

<p>It’s time to find out what’s on your mind as it relates to retirement planning. Let’s open up the mailbag and answer a number of questions spanning from home equity loans to market volatility to Roth 401k options and much more. We’ll cover many different topics over a short period of time so this should be a valuable episode to anyone looking to learn.</p> <p> </p> <p><strong>Read more and get additional resources here:</strong> <a href= "https://johnsonbrunetti.com/?p=5000">https://johnsonbrunetti.com/?p=5000</a> </p> <p> </p> <p><strong>Today's rundown: </strong></p> <p><strong>0:09</strong> – <em>Mailbag question #1:</em> I want to put in a screened-in porch but the only way to pay for would be take an extra $20K out of my IRA or taking out a home equity loan. Which is better?</p> <p><strong>3:41</strong> – <em>Mailbag question #2:</em> I haven’t decided on a specific retirement date but it should be in the next four years. With all of the market volatility, should I just move my retirement savings to cash until it all blows over?</p> <p><strong>5:34</strong> – <em>Mailbag question #3:</em> As part of my divorce settlement, I’ll receive a portion of my husband’s pension for as long as he’s alive. Should I take out a life insurance policy on him in case he dies well before me since I’ll lose a large portion of my retirement income?</p> <p><strong>7:27</strong> – <em>Mailbag question #4:</em> My company matches my 401k contributions but they do it in the form of company stock. I’m not excited about that investment but I don’t want to miss out on any matching funds. Should I still try to put in as much as I can?</p> <p><strong>8:33</strong> – <em>Mailbag question #5:</em> I know that I need an emergency fund, but instead of putting money into a savings account, can’t I use a home equity line for that?</p> <p><strong>10:14</strong> – <em>Mailbag question #6:</em> I never hear anything from my financial advisor unless I call him myself and this bothers me. Should I be bothered or is that okay?</p> <p><strong>10: