Financial Choices Matter

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Exposing 401(k) Weaknesses

Your 401k can be your most powerful retirement savings tool. But it’s not perfect. Let’s talk about some of the weaknesses that you should be aware of in your 401k (or 403b, or TSP, or 457 plan).

Show Notes:

1:24 - News headline about the SECURE Act

4:33 - Exposing 401(k) weaknesses

7:43 - Charles shares a tip on moving 401(k) plans outside your company

10:36 - Mailbag Question from Angie: Are all long-term care policies this expensive?

 

 

 

Are Tax Advantages Overrated?

Of course, saving money on taxes is important. But when tax advantages are being pitched as the primary benefit of an investment, should we be concerned? Charles will help us tackle the pros and cons on this week's episode. We'll also answer a question from Roberta about investing a large amount of her 401k in company stock.

Show Notes:

2:00 - Mailbag question from Roberta: Is it okay to have a majority of my 401k in company stock since I know the company well?

7:14 - Are tax advantages in investments overrated?

13:06 - Getting to know Charles: Did you ever get into any trouble when you were younger?