1956: Ask Farnoosh: Roth 401(k) Strategy, Avoiding the Wrong Insurance, Paying for Childcare & FAFSA Tips

<p>This week on <strong>Ask Farnoosh</strong>, Farnoosh kicks things off with a behind-the-scenes look at a whirlwind week in journalism and media. She shares highlights from her recent interview with Senator Cory Booker about his bold new <strong>“Keep Your Pay Act”</strong> proposal, which would eliminate federal income tax on the first <strong>$75,000 of income</strong>, and discusses what that could mean for working Americans. She also reflects on being featured in <strong>Kiplinger’s</strong> latest issue on the best financial advice experts have ever received, sharing a career lesson that shaped her own path: learning to earn money not just from what you <em>do</em>, but from what you <em>know</em>. Plus, Farnoosh announces her upcoming <a href="https://us06web.zoom.us/meeting/register/A_tm_vevRdyGiCdM1c42-A#/registration" rel="noopener noreferrer" target="_blank"><strong>free webinar on March 26 about how to land a big book deal</strong></a><strong> (register using the link).</strong></p><br><p>Then, a quick breakdown of the latest money headlines that matter for your wallet: mortgage rates climbing back above <strong>6%</strong> and what that means for today’s “frozen” housing market, the widening <strong>K-shaped economy</strong> separating households that are thriving from those struggling with rising costs, and early signs that the once-hot job market may be cooling—along with why now is a good time for a financial check-up.</p><br><p>In the <strong>mailbag</strong>, Farnoosh tackles listener questions including:</p><br><p> • Should high earners prioritize <strong>Roth 401(k) contributions</strong> or diversify across other retirement strategies?</p><p> • What to watch out for when a financial advisor pushes <strong>variable universal life insurance</strong> instead of traditional investing.</p><p> • Creative ways families are making <strong>childcare and daycare costs</strong> more manageable.</p><p> • How a teenager’s <strong>part-time income and assets</strong> can affect FAFSA eligibility and college financial aid.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>