On The Money: Advice to Younger Self

On this episode of "On the Money," Paul Ruedi, Ryan Repko, CFP®, and Dr. Fred Giertz ask listeners what advice they would give to their younger selves. 

 

(1:48) Question for listeners: What advice would you give to your younger self?

(4:40) Caller comment: I wish I would have saved in a 401(k) earlier.

(6:44) Caller question: My wife and I are University employees who will receive a pension, but we have excess savings we aren’t investing. What are our options for investing that money?

(11:47) Dr. Fred’s advice to his younger self

(19:48) Up to $35,000 of 529 Plan funds can be converted to a Roth IRA

(31:34) Caller comment: I am the “medical insurance” person in my household. But when it comes to figuring out Medicare, I a losing my mind!

(42:12) Listener question: I had to file as a single taxpayer this year and didn’t think to increase my withholding and now I owe taxes. Do I need to pay estimated taxes going forward or can I just increase my withholding?