My Smart Retirement

On today’s episode, we are going to have some fun and answer a potpourri of financial and retirement-related questions. We will explore some of the questions sent in to the show and how they relate to your financial future.  Pat asks “I have two old 401(k)s, is now a bad time to roll them over?”  We are going to assume your 401(k) is inside of mutual funds. If you are immediately going to sell and put it somewhere else, there won’t be much of a big-time gap. In that case, it probably isn’t a big problem.  But if you were thinking about waiting for the market to recover before putting it into a Roth you want to be careful and discuss this with your advisor.  Lucy says, “As part of my divorce settlement I am receiving a portion of my ex-husband's pension for as long as he is alive. Should I take a life insurance policy out on him in case he dies before I die?”  If Lucy’s ex-husband dies before her, she could lose a big portion of her retirement income. If he is insurable and can afford it a life insurance polic