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Why You Should NOT Invest In A 401(k)
Manage episode 368134790 series 2891513
Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect 5 reasons why someone should NOT invest in a 401(k).
Here's what we’ll discuss in this episode:
- If you don’t have an emergency fund or are swimming in debt. (2:44)
- Your employer doesn’t match contributions. (5:35)
- If you might need the money before retirement. (8:40)
- You’re worried about the structure of the plan. (14:06)
- If you’re worried about future tax implications. (17:10)
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: [email protected]
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
156 эпизодов
Manage episode 368134790 series 2891513
Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect 5 reasons why someone should NOT invest in a 401(k).
Here's what we’ll discuss in this episode:
- If you don’t have an emergency fund or are swimming in debt. (2:44)
- Your employer doesn’t match contributions. (5:35)
- If you might need the money before retirement. (8:40)
- You’re worried about the structure of the plan. (14:06)
- If you’re worried about future tax implications. (17:10)
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: [email protected]
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
156 эпизодов
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