This week Luke and I are going to focus on a handful of questions that you have sent in over the past few months. We will look at everything from Long Term Care to 401(k)s. The show is prerecorded, so we won’t be able to take your calls, but if you have some questions feel free to send us an email and we will try to get to them over the following weeks.
We have had a ton of questions regarding group long term care insurance. A major employer in town is offering it to their employees and many people want to know if it is a good value or not. The answer is directly related to health underwriting. We will dissect the individual vs. group scenarios, and let you discover the pros and cons.
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Another question we have heard a lot lately is regarding taking 401(k) loans. Does it make sense to borrow from your retirement savings plan to pay for the holidays? With the exception of an emergency, borrowing from your 401(k) should be a last resort. We will discuss the disadvantages of borrowing from your 401(k) and offer what could be a more palatable solution.
To get the answer to these questions and more join me this and every Saturday morning at 9AM for "it's Your Money", part of Coaches Corner, Saturday Morning Street Smarts, on Newstalk Radio, WBLF, 970 AM and FM Talk 103.7. Call our office: 814-867-5745 or send me an email at PaulN@FinancialAbundanceInc.com. Our shows are now available on iTunes! Click here to subscribe to our free podcast. You can also catch me on WJAC Channel 6 news every Thursday, Friday and Sunday for a weekly coaching segment and on WJAC TV’s website for some bonus coaching