Is It Worth Investing In A 401k With No Match? (Mini-Episode)
Context is everything, but this answer is actually relevant to if
you are receiving a match on your 401k or your company offers no
match.
5 Minuten
Podcast
Podcaster
Beschreibung
vor 8 Jahren
This mini-episode comes directly from a question sent to our
teamand is part of the show's Lightning Round
where we answer your questions.
Listen In & Hear the Answer
Context is everything here, but this answer is relevant for
anyone with or without a 401K employer match. We dive into if the
401k is the best use of your personal finances.
Here are the Foundational Things You Need To Do Before You
Invest In A 401K 1. Do You Have An Emergency Fund?
We recommend building three months of liquid savings.
2. Open A ROTH IRA
A 401K is pre-taxed. A fully funded ROTH IRA gives you a bigger
pile of liquid funds and allows you to withdrawal without
penalty.
3. Time to Consider a 401K
But, if you're not getting a match... there still could be better
options.
:: This is the plan we recommend to all of our clients
seeking financial peace and confidence ::
Helpful Links to Learn More:
The 401k is Under Attack
Certain Bank Specials Can Ruin Your Retirement Dreams
Where You Should Invest if You're In Your 20's, 30's or 40's
Ask My Question Now
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