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

This week on Ask Farnoosh, 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 “Keep Your Pay Act” proposal, which would eliminate federal income tax on the first $75,000 of income, and discusses what that could mean for working Americans. She also reflects on being featured in Kiplinger’s 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 do, but from what you know. Plus, Farnoosh announces her upcoming free webinar on March 26 about how to land a big book deal (register using the link).

Then, a quick breakdown of the latest money headlines that matter for your wallet: mortgage rates climbing back above 6% and what that means for today’s “frozen” housing market, the widening K-shaped economy 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.

In the mailbag, Farnoosh tackles listener questions including:

• Should high earners prioritize Roth 401(k) contributions or diversify across other retirement strategies?

• What to watch out for when a financial advisor pushes variable universal life insurance instead of traditional investing.

• Creative ways families are making childcare and daycare costs more manageable.

• How a teenager’s part-time income and assets can affect FAFSA eligibility and college financial aid.

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