Mailbag: Should I Restart My 401(k) Contributions After A Break?

At JL Perkins Wealth Management, we receive all sorts of questions about financial and retirement planning, but some themes come up more often than others. In today's mailbag edition of the show, we'll tackle some of the most common questions we answer on a daily basis.

Lori wonders whether it’s advisable to help her aging parents financially, especially with potential long-term care needs. Matt asks if he should resume his 401(k) contributions after pausing them due to the election. If you’re listening to this episode, you’ve likely had questions about one or two of these items, so stick with us!

Here’s what we discuss in today’s show:

• "Since I've had my annuity long enough to withdraw without penalty, should I take it all out now?"
• "My husband is nine years older than me, and we have a large life insurance policy on him. What happens if the insurance company goes bankrupt and can't pay the death benefit?"
• "My parents didn’t save much for retirement, so I’m worried about covering long-term care costs. Is it common to help parents financially, or should I try to avoid it if possible?"
• “Should I buy gold coins or gold bars or no gold at all?”
• "My father-in-law recently passed away and left us unexpected money. We want to give it to our son, but I’m worried he’ll just spend it irresponsibly. Any suggestions on how to handle this?"

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